USDCAD TECHS: Trades Through The 50-Day EMA
Mar-07 21:00
* RES 4: 1.4793 High Feb 3 and key resistance * RES 3: 1.4700 Round number resistance * RES 2: 1.464...
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ASIA: Coming Up In The Asian Session On Thursday
Feb-05 20:56
| 2300GMT | 0700HKT | 1000AEDT | South Korea Dec BoP Current Account Balance |
| 0100GMT | 0900HKT | 1200AEDT | Philippines Dec Unemployment Rate |
| 0330GMT | 1130HKT | 1430AEDT | Thailand Jan CPI |
ASIA: Coming Up In The Asia-Pac Session On Thursday
Feb-05 20:54
| 2300GMT | 0700HKT | 1000AEDT | South Korea Dec BoP Current Account Balance |
| 2350GMT | 0750HKT | 1050AEDT | Japan Jan Investor Flows |
| 0030GMT | 0830HKT | 1130AEDT | US Fed's Jefferson Gives Lecture |
| 0030GMT | 0830HKT | 1130AEDT | Australia Dec Trade Balance |
| 0130GMT | 0930HKT | 1230AEDT | Japan BOJ Board Tamura Speech in Nagano |
| 0200GMT | 1000HKT | 1300AEDT | Japan Jan Tokyo Avg Office Vacancies |
| 0330GMT | 1130HKT | 1430AEDT | Japan to Sell 3.5 Trillion Yen of 6-Month Bills |
| 0335GMT | 1135HKT | 1435AEDT | Japan to Sell 30-Year Bonds |
US TSYS: Treasuries Well Bid, Curves Bull Flatten Ahead Friday's Employ Data
Feb-05 20:51
- Treasuries look to finish near late session highs Wednesday, lower than expected ISM Services data spurring heavy buying across the board - ISM Services missed expectations at 52.8 (54.0 expected, 54.0 prior), with pullbacks prevalent in some key categories.
- ADP employment was stronger than expected in January at 183k (cons 150k) along with a solidly upward revised 176k (initial 122k) in Dec. Meanwhile, December's goods and services trade deficit was slightly wider than thought at $98.4B.
- No change to Treasury guidance on future issuance in the February Refunding policy statement, a modest dovish surprise vs many expectations that it would be watered down.
- The Mar'25 10Y contract has nearly made it back to pre-Dec 18 FOMC levels, topping at 109-29 high before slipping back to 109-24 (+17.5) after the bell. Curves bull flattened, 2s10s -6.344 to 23.336, 5s30s -2.856 at 39.718; 10Y yield slipped to session low of 4.4001%.
- The Greenback traded weaker on the data (BBDXY off lows at 1297.89 -2.69), Yen outperformance remained the key feature of the day in G10 currency markets, underpinned by the stronger-than-expected Japanese wage data.
- Additional cross asset moves, Gold hit new all-time high of 2882.29, Crude turned lower (WTI -1.49 at 71.21), Stocks reversed early weakness (SPX Eminis +12.0 at 60.75 vs. 6020.25 overnight low.
- Focus remains on Friday's headline employment data for January.
