The world awaits jobs numbers out of America

USD/JPY in focus

Without a doubt, the biggest thing that will move the markets today will be the jobs number coming out of the United States. Is a most impossible to have that announcement and not think of the USD/JPY pair, as it is so highly sensitive to that particular announcement. With that, we are going to have a potential set up. We can break above the top of the range for the Tuesday session, we would be call buyers, and aiming for the 123.50 level. However, we break down below the bottom of the candle for the Tuesday session, we will simply ignore this trade.

WTI Crude Oil bounces off of support

The WTI Crude Oil market has support at the $50, and the fact that we bounced during the session on Tuesday off of that level really isn’t that big of a surprise. We are call buyers at this point in time as we recognize the market should continue the consolidation that we’ve seen for quite some time and head back towards the $61 level.

US stock market pulls back ahead of jobs numbers

It’s hard to tell if it’s fear of the jobs number, or all of the headlines coming out of Greece, but US stock markets in general pulled back during the session on Tuesday. However, most of them are sitting just above support so we believe that the stock markets will go higher. A break above the highs from the Tuesday session, we would be buyers of calls in the NASDAQ.