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Meaningful Moves Limited, USD Marginally Firmer

FOREX

There has been little in the way of meaningful moves this morning. The USD is marginally firmer in early trade.

  • January Final Jibun Bank PMI data from Japan was on the wires a short time ago, Services PMI printed at 52.3 marginally lower than the prior 50.8. Composite PMI was 50.7, the prior read was 50.8. USD/JPY is ~0.1% softer in today's trading.
  • AUD/USD is down ~0.1%, operating in a narrow $0.7066/80 range. Judo Bank Jan Final PMIs printed this morning with both measures still in contractionary territory, Composite PMI was 48.5 rising from prior 48.2. Services PMI 48.6 rising from prior read 48.3.
  • NZD/USD is little changed, dealing last at $0.6475/80. NZ Consumer Confidence 13% rose off record lows to 83.4.
  • EUR/USD and GBP/USD are ~0.1% softer.
  • Cross asset wise; US Equities futures are lower, NASDAQ futures are down ~1.3% after earnings from Apple, Amazon and Alphabet were below expectations. BBDXY is ~0.1% firmer.
  • Caixin Composite and Services PMI data from China provides the highlight in Asia-Pac today. Further out we have Eurozone PMI and PPI, before US NFP which highlights the session.
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