1. The dollar strengthens its position before the publication of the report on the labor market 2. Musk crashed Bitcoin again 3. Stock indices are under moderate pressure
On Friday in Asia, the dollar index continued to rise after the release of strong macroeconomic data the day before. Later today in the US important data on the labor market will be published,
which may change the market expectations regarding the further policy of the FRS. Waiting for this event, the dollar may slow down further growth. The statements of the head of the Federal
Reserve Bank of New York John Williams may also have a restraining effect on the American currency. Yesterday he said that the US economy has not yet reached the levels at which the Fed
could begin to curtail the asset repurchase program.
Bitcoin on Friday fell more than 4% after another tweet from Tesla chief Elon Musk. In his last tweet, he posted "#Bitcoin" and a broken heart emoji. After that, Musk published a breakup comic.
The market reacted immediately with another sale of cryptoassets.
Major stock indexes are under moderate pressure today after the decline in the US stock market the day before. Investors are afraid of increased inflationary pressure and assess how this may
affect the further policy of the Fed. Also, many traders refuse risky assets before the publication of the report on the US labor market. News to watch out for today: 07:00 GMT. New Zealand: speech by the head of the National Library of Belarus, Adrian Orr 11:00 GMT. USA: speech by the head of the Fed Jerome Powell 11:00 GMT. EU: speech by the head of the ECB Christine Lagarde 12:30 GMT. USA: Nonfarm payrolls 12:30 GMT. Canada: Labor Market Report 14:00 GMT. Canada: PMI Ivey