Marketwatch North America

Daily Insights
November 9, 2023

Currencies were rangebound overnight with traders sidelined ahead of Fed Chairman Powell’s speech to the IMF today at 2pm ET. The U.S. Dollar Index is -0.06% with USD mixed against the major pairs: +0.14% vs. GBP, +0.10% vs. CHF, -0.42% vs. NZD, -0.31% vs. NOK, -0.28% vs. SEK, and -0.14% vs. AUD.

U.S. Treasury yields ticked higher the long tenors, 25-year +0.079% and 30-year +0.082%.

Weekly Initial Jobless Claims for the week ending Nov 4th were 217k, just below the 218k estimate. The previous week’s claims were revised up by 3k to 220k. The highest weekly jobless claims tally for 2023 was 265k in mid-June and the lowest was 194k in mid-January.

Oil prices are +1.31% today, the first gain following 4 consecutive daily declines.

U.S. Equity Indexes are trading fractionally higher with the S&P leading gains +0.278%.

Economic Calendar

USD - Unemployment Claims
GBP - RICS House Price Balance
EUR - ECB President Lagarde Speaks
USD - Fed Chair Powell Speaks
CNY - CPI y/y
CNY - PPI y/y
JPY - 30-y Bond Auction
JPY - Economy Watchers Sentiment
GBP - MPC Member Pill Speaks
EUR - ECB Economic Bulletin
EUR - ECOFIN Meetings
USD - Mortgage Delinquencies
CAD - Gov Council Member Rogers Speaks
CHF - Gov Board Member Schlegel Speaks
USD - 30-y Bond Auction
NZD - BusinessNZ Manufacturing Index
JPY - M2 Money Stock y/y

Market Indicators

Currency Pairs
Pair High Low
usd/jpy 151.184 150.767
eur/usd 1.07253 1.06801
gbp/usd 1.23086 1.22521
aud/usd 0.64283 0.63917
usd/cad 1.38068 1.37605
eur/gbp 0.87265 0.86928
usd/mxn 17.6014 17.4787
Equities and Commodities
S&P 500 4398.26
NASDAQ 15346.3
DOW 34206.9
GOLD 1951.21
SILVER 22.67

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.