From Marc Chandler at Bannockburn Global Forex:
Overview: The US dollar is mostly consolidating so far today with a slightly heavier bias against the G10 currencies and most emerging market currencies. The larger than expected Chinese trade surplus did not lift the yuan. The greenback is trading above its 20-day moving average against the Chinese yuan for the first time since late July. Sterling is rising for the first time in three sessions after a strong jobs report. The Canadian dollar is the laggard among the major currencies.
Asia Pacific equities were mixed, with Japan, South Korea, and Taiwan, among the larger bourses unable to find traction. Europe's Stoxx 600 snapped a five-day drop yesterday but is trading with a heavier bias today. US index futures are trading around 0.25%-0.40% lower, paring yesterday's gains. Benchmark 10-year bond yields are mostly firmer in Europe, but mostly less than a single basis point. The US rates are also slightly higher. The US Treasury sells $58 bln of three-year notes today ($39 bln 10-year notes tomorrow and $22 bln 30-year bonds on Thursday). Gold is hovering in a narrow range above $2500. October WTI edged through yesterday's high to poke above $69 a barrel before it was sold back to almost $67.50. The year's low set at the end of last week was near $67.15. The Energy Information Agency, the International Energy Agency, and OPEC will update their monthly outlook this week....
....MUCH MORE
