The mood was mostly positive earlier during the Asian session. Major equity indices took a positive handover after last Friday’s US close.
The US Dollar index, measuring the greenback’s strength against a basket of other currencies, opened higher compared to Friday’s close but is still stuck close to where we started this week’s session at 92.06. Despite everything the US Dollar seems to be eyeing last September’s lows of 91.01 as it continues southbound.
Friday’s US nonfarm payrolls for the month of December were out at 148K, disappointing an expected 190K and a previous month’s 252K – hower the USD still managed to closed into positive last Friday despite an initial sell-off.
Today’s economic docket includes fairly low to medium impact events which include; German Factory orders, EZ Sentix, Consumer Confidence and Retail Sales.
