USD - The Dow closed higher 30 points to 18116 and USDX advances to 96.335. Analysts that were polled by Reuters expect that U.S. payrolls on friday tomorrow to have increased 240,000 last month and the jobless rate to have ticked down to 5.6 percent from 5.7 percent. Data like this is confirming the strong under-current that convinces fed Chair Yellen to alter her tone in assessing the need for interest rate guidance. All eyes are on the US bonds markets and the Dollar to confirm indications of interest rate rising. The EUR continues its slow slide. What exactly will the fed be looking for tomorrow? Follow on Bloomberg http://www.bloomberg.com/news/videos/2015-03-06/what-the-fed-will-be-looking-for-in-the-u-s-jobs-report The EUR fell below $1.10 for the first time since 2003. Persistent weakness in the Euro zone economy is not helping at all. The ECB said that it would commence a 1 trillion euro bond-buying program next week and then ECB President Mario Draghi sent on to say that the ECB would be prepared to buy back bonds with negative yields of up to 20 basis points. That comment sent traders into a frenzy buying euro zone bonds and helping ensure yields stay low. Oil has stabilized now at the 50 dollars given that all eyes are now on the bonds markets and where to speculate on the USD. Gold has lost all reason for any large speculative push as oil stabilizes and the US economy starts to show sturdy signs of growth.
96.335 -0.011 -0.01%
Support 95.535 Resistance 97.045
EUR
1.101950 -0.005295 -0.48%
Support 1.09290 Resistance 1.11850
Crude Oil
51.05 +0.29 +0.56%
Support 49.47 Resistance 53.05
Gold
1198.015 -5.485 -0.46%
Support 1,187.2 Resistance 1,213.4
Pieter Bergli - DeLoren Trust Holdings
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