Welcome, Traders!
It is Sunday 9th / Monday 10th of March, depending on where you are.
Here are some things to expect ahead of the APAC session today.
Sentiment
Treasury yields rose and the dollar rose against its major peers on Friday, as a stronger-than-expected US jobs report raised expectations that the Federal Reserve will raise its key interest rate by another quarter point at its May meeting. The Australian and New Zealand currencies fell immediately after the US data, but those moves were reversed in subsequent trading. The yen fell in value. Otherwise, trading was relatively quiet because the majority of major markets in Europe, North America, and parts of Asia were either closed or operating with reduced hours due to holidays. Australia, New Zealand, and Hong Kong will all be closed on Monday as well.
ICYMI
- Binance's US affiliate struggles to find a bank to take its customers' cash, according to sources - WSJ
- China Military: We're continuing drills around Taiwan - State Media.
- Near to 20 military ships, around 10 Chinese and 10 Taiwanese, were involved in a stand-off near the median line of the Taiwan strait on Sunday according to a source familiar.
Docket
7:50 PM ET
Japanese Current Account NSA Yen for February
Median Forecast: 2,458.6B | Prior: -1,976.6B | Range: 3,238.8B / -2,200.0B
Good luck!
