{"id":33903,"date":"2019-04-08T16:10:15","date_gmt":"2019-04-08T06:10:15","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=33903"},"modified":"2019-04-08T16:10:15","modified_gmt":"2019-04-08T06:10:15","slug":"monday-8th-april-jobs-data-leads-markets-to-a-sigh-of-relief-although-trading-in-the-red","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/monday-8th-april-jobs-data-leads-markets-to-a-sigh-of-relief-although-trading-in-the-red\/","title":{"rendered":"Monday 8th April: Jobs data leads markets to a sigh of relief, although trading in the red"},"content":{"rendered":"<h3><strong>Global Markets:<\/strong><\/h3>\n<ul>\n<li>Asian Stock Markets : Nikkei down 0.12%, Shanghai Composite down 1.02%, Hang Seng up 0.13%, ASX up 0.56%<\/li>\n<li>Commodities : Gold at $1300.65 (+0.39%), Silver at $15.11 (+0.18%), Brent Oil at $70.66 (+0.45%), WTI Oil at $63.37 (+0.46%)<\/li>\n<li>Rates : US 10-year yield at 2.488, UK 10-year yield at 1.120, Germany 10-year yield at -0.006<\/li>\n<\/ul>\n<h3><strong>News &amp; Data:<\/strong><\/h3>\n<ul>\n<li>(USD) Unemployment Rate 3.80% vs 3.80% expected<\/li>\n<li>(USD) Non-Farm Employment Change 196K vs 172K expected<\/li>\n<li>(USD) Average Hourly Earnings m\/m 0.10% vs 0.30% expected<\/li>\n<li>(CAD) Unemployment Rate 5.80% vs 5.80% expected<\/li>\n<li>(CAD) Employment Change -7.2K vs 3.0K expected<\/li>\n<li>Australian jobs ads are falling at the fastest pace in over 5 years<\/li>\n<li>KPMG: Chinese investment into Australia fell by more than a third in 2018<\/li>\n<\/ul>\n<h3><strong>CFTC Positioning Data:<\/strong><\/h3>\n<ul>\n<li>EUR short 99K vs 80K short last week. Shorts increased by 19K<\/li>\n<li>GBP short 10K vs well run some 9K short last week. Shorts trimmed by 1K<\/li>\n<li>JPY short 63K vs 62K short last week. Shorts increased by 1K<\/li>\n<li>CHF short 26K vs 27K short last week. Shorts trimmed by 1K<\/li>\n<li>CAD short 44k vs 40k short last week. Shorts increased by 4K<\/li>\n<li>AUD short 56k vs 54k short last week. Shorts increased by 2K<\/li>\n<li>NZD 0K vs 0K short last week. No position of significance in the NZD<\/li>\n<\/ul>\n<h3><strong>Markets Update:<\/strong><\/h3>\n<p>Asian shares inched up to seven-month highs on Monday as investors cheered a rebound in U.S. payrolls and hints of more stimulus in China, though there was some caution ahead of what is likely to be a tough U.S. earnings season.<\/p>\n<p>Beijing announced that it would continue to suspend additional tariffs on U.S. vehicles and auto parts after April 1 as a gesture after Washington delayed tariff hikes on Chinese imports. A delegation led by Vice Premier Liu He will be in Washington this week for another round of talks.<\/p>\n<p>Mainland Chinese stocks shed their earlier gains to slip by the morning session&#8217;s end, with the Shanghai composite lower by 1% and the Shenzhen component shedding around 1.4%. In Japan, the Nikkei 225 slipped 0.45% in afternoon trade as index heavyweight Fanuc declined about 1%. The Topix also shed 0.45%. Over in South Korea, the Kospi was lower by 0.2%. Australia&#8217;s ASX 200 advanced 0.55% as almost all the sectors gained.<\/p>\n<p>The dollar held its recent gain on the Japanese yen at 111.52, but again needs to clear the March top of 112.12 to spark a true uptrend. Sterling had troubles of its own at $1.3046 as time ticks away to Britain&#8217;s departure from the European Union on April 12, with no deal agreed.<\/p>\n<p>Oil prices rose to their highest levels since Nov. 2018, driven by OPEC&#8217;s ongoing supply cuts and U.S. sanctions against Iran and Venezuela.<\/p>\n<h3><strong>Upcoming Events:<\/strong><\/h3>\n<p>Tuesday, April 09, 2019<\/p>\n<ul>\n<li>11:45 PM GMT &#8211; (USD) FOMC Member Clarida Speaks<\/li>\n<\/ul>\n<p>Wednesday, April 10, 2019<\/p>\n<ul>\n<li>01:30 AM GMT &#8211; (AUD) Westpac Consumer Sentiment<\/li>\n<li>03:30 AM GMT &#8211; (AUD) RBA Assist Gov Debelle Speaks<\/li>\n<li>09:30 AM GMT &#8211; (GBP) GDP m\/m<\/li>\n<li>09:30 AM GMT &#8211; (GBP) Manufacturing Production m\/m<\/li>\n<li>12:45 PM GMT &#8211; (EUR) Main Refinancing Rate<\/li>\n<li>12:45 PM GMT &#8211; (EUR) Monetary Policy Statement<\/li>\n<li>01:30 PM GMT &#8211; (EUR) ECB Press Conference<\/li>\n<li>01:30 PM GMT &#8211; (USD) CPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core CPI m\/m<\/li>\n<li>04:50 PM GMT &#8211; (USD) FOMC Member Quarles Speaks<\/li>\n<li>07:00 PM GMT &#8211; (USD) FOMC Meeting Minutes<\/li>\n<\/ul>\n<p>Thursday, April 11, 2019<\/p>\n<ul>\n<li>02:30 AM GMT &#8211; (CNY) CPI y\/y<\/li>\n<li>03:30 AM GMT &#8211; (AUD) RBA Assist Gov Debelle Speaks<\/li>\n<li>All Day &#8211; (All) OPEC Meetings<\/li>\n<li>01:30 PM GMT &#8211; (USD) PPI m\/m<\/li>\n<li>01:30 PM GMT &#8211; (USD) Core PPI m\/m<\/li>\n<li>02:30 PM GMT &#8211; (USD) FOMC Member Clarida Speaks<\/li>\n<li>02:40 PM GMT &#8211; (USD) FOMC Member Bullard Speaks<\/li>\n<li>09:00 PM GMT &#8211; (USD) FOMC Member Bowman Speaks<\/li>\n<\/ul>\n<p>Friday, April 12, 2019<\/p>\n<ul>\n<li>02:30 AM GMT &#8211; (AUD) RBA Financial Stability Review<\/li>\n<li>Tentative &#8211; (CNY) Trade Balance<\/li>\n<li>03:00 PM GMT &#8211; (USD) Prelim UoM Consumer Sentiment<\/li>\n<li>Tentative &#8211; (USD) Treasury Currency Report<\/li>\n<li><a href=\"http:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\">&amp;more&#8230;<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei down 0.12%, Shanghai Composite down 1.02%, Hang Seng up 0.13%, ASX up 0.56% Commodities : Gold at $1300.65 (+0.39%), Silver at $15.11 (+0.18%), Brent Oil at $70.66 (+0.45%), WTI Oil at $63.37 (+0.46%) Rates : US 10-year yield at 2.488, UK 10-year yield at 1.120, Germany 10-year yield &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/monday-8th-april-jobs-data-leads-markets-to-a-sigh-of-relief-although-trading-in-the-red\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Monday 8th April: Jobs data leads markets to a sigh of relief, although trading in the red<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":33904,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[339],"tags":[],"class_list":["post-33903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/33903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=33903"}],"version-history":[{"count":1,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/33903\/revisions"}],"predecessor-version":[{"id":33905,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/33903\/revisions\/33905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/33904"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=33903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=33903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=33903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}