During the early trading session, Asian stocks traded mixed as investors digest the government bond sell off from major central banks, as yields reached its highest levels since November. The Nikkei share average closed almost flat with a 0.03% increase, the Hang Seng Index was down 1.12% and the Shanghai Composite rallied 3.67% led by gains in the electricity, utilities and retailers sectors. Following the release of positive data from Australia the AUD traded higher against a basket of major currencies. The Home Loans for the month of March rose 1.6%, above the expected figure of 1%, this positive data indicates higher demand in the housing market.

During the European session, the British Pound continued to climb higher against the Dollar following strong UK data and the pair is currently trading at its highest level since December. The Manufacturing Production for the month of March showed that the inflation adjusted value of output produced rose 0.4%, higher than the forecast figure of 0.3%. The EUR/USD also traded higher as higher yields along with the global bond selloff pushed up the Euro. Furthermore, Greece paid a loan installment of 750 million Euros to the Monetary Fund lifting fears that the country could go into default, however, the nation is yet to lay out reforms and reach an agreement for an extension on the current debt bailout.

During early U.S. trade, American stocks traded lower as borrowing costs across global banks reached its highest levels since late last year. Nasdaq Composite is down 0.44%, S&P500 down 0.38% and Dow Industrial dropped 0.31%

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During the early trading session, Asian stocks traded higher as traders sought refuge in stocks following China’s rate cut. The People’s Bank of China voted to set the interest rate at 5.10% down from 5.35%, an economic slowdown in the country remains a concern after a number of recent negative data releases from manufacturing and services sectors. The Nikkei share average was up 1.25%, closing at 19,620 points and the Shanghai Composite rallied 3.35%. The AUD and NZD traded lower against a basket of major currencies as currency traders sentiment weighs over China, furthermore, New Zealand released a negative report showing that the number and value of card transactions with merchants had declined 0.7%, analysts had expected an increase of 0.5%.

During the European session, currencies are trading with little movement as economic reports from the Eurozone are today scarce. The British Pound is trading with Bullish sentiment against the Dollar as the Bank of England kept its monetary policy unchanged, traders are now awaiting the release of Wednesday inflation report to determine the state and growth of the economy. Currency traders also remain cautious ahead of talks between Greece and its creditors, the countries finance ministers need to lay out reforms in order to reach an agreement over the current debt bailout. If an agreement is not reached, then the country could go into default.

During early U.S. trade, stocks continued to trade higher after Friday’s rally. Wall Street remained supported following Fridays Nonfarm Payrolls. The economic report showed that 223,000 more people were employed during the previous month, only slightly down than the expected figure of 224,000 and up from the previous month, indicating growth in the jobs sector.

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During the early trading session, Asian stocks traded higher as major governments paused the paused the bond sell off. Over the past week countries, including, UK, Germany and the U.S. turned their focus to return of inflation and thus sparking a rise in bond yields, as they struggled with debt. The Nikkei share average was up 0.45%, closing at 19,379 points. Furthermore, Investors turned to the China stock market following the release of negative data. The Trade Balance for China showed a lower than expected reading of 34.13B. The Hang Seng rose 1.05% and the Shanghai Composite closed 0.73% higher.

During the European session, the Euro traded lower against the stronger Dollar as currency traders looked ahead to the Nonfarm Payrolls and following the release of weak data from Germany. The German Industrial Production and the trade balance both showed worse than expected figures for the month of March. The British pound rallied against the Dollar and reached its highest level in nearly two and a half months following the UK elections. Conservative party leader, Davis Cameron, was re-elected as Prime Minister sending UK markets upward, the FTSE 100 Index also jumped more than 2% as traders showed their relief over the victory.

During early U.S. trade, the American Bureau of Labour Statistics released the highly anticipated Nonfarm Payrolls. The economic report showed that 223,000 more people were employed during the previous month, slightly lower than the expected figure of 224,000. The Dollar briefly weakened against a basket of major currencies, but then showed little change as traders digested the actual figure. The Dollar remains supported as the data was close to analysts’ expectations including the unemployment rate figure of 5.4%.

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During the early trading session, Asian stocks traded lower as major governments around the world sell bonds as they struggle with debt. Countries, including, UK, Germany and the U.S. have turned their focus to return of inflation and thus sparking a rise in bond yields, this week long sell-off is weighing on shareholders and investor sentiment and the Nikkei share average reached its lowest level in a month closing at 1.23% lower. Following the release of negative data from Australia, the AUD traded lower against the Dollar. The Employment change for April showed a decline of 2.9k, significantly worse than the expected rise of 5000 more employed people, the pair is currently trading above 0.79.

During the European session, the Euro dropped sharply against the Dollar as next week’s meeting between Greece and its creditors nears. The country is yet to show progress with laying down reforms for an extension of its current debt bailout, if no developments are made then finance ministers may consider to tighten their banks access to emergency liquidity. Furthermore, German data showed that the Factory orders for March grew less than expected with a 0.9% rise, analysts had expected a 1.5% increase.

The Dollar is trading higher against a basket of major currencies following a number of positive reports, including the continuous jobless claims and more importantly, the Initial Jobless claims which showed that 265,000 more people filed for unemployment, below the expected figure of 280,000. Binary Options traders are now awaiting the release of the Nonfarm Payrolls taking place tomorrow. Analysts expect that the number of people employed during April rose by 224,000, if the actual figure is lower than this could weaken the Dollar further in the short term.

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Japanese markets are closed till Thursday due to public holidays, however, China stocks are trading lower as concerns over the current economic outlook continues to weigh on sentiment. China released more negative data early this morning showing that the HSBC Services PMI expanded less than expected, with a reading of 52.9, analysts had expected 53.1. The Hang Seng closed 0.41% lower and the Shanghai Composite dropped 0.55%. Despite negative reports from Australia, the AUD rose against the Dollar as traders digest a number of negative reports out of the U.S., The Australian Retail Sales for March showed rose 0.3%, lower than the expected figure of 0.4%.

During the European session, the GBP rallied against the Dollar following positive data from the UK. The ServiceS PMI indicated expansion within that sector with a reading of 59.5. The Euro also rose against the weaker Dollar after a number of mixed European reports and concerns over expectation of a interest rate hike in the United States.

Following a number of negative reports from the U.S., the Dollar is lower against a basket of major currencies. Yesterday, the Trade Balance and the Service PMI both showed worse than expected figures and more reports released today showed that the ADP Nonfarm Employment Change increased less than expected with 169k more employees, analysts had expected 200k. This negative data may course the Fed to further delay an interest rate hike. Fed Chair Janet Yellen is currently speaking and so we may see high volatility in the markets.

U.S. Oil is currently trading at its highest level since December following a report showing that the inventory levels of crude oil fell 1500M, furthermore, the EIA Crude oil inventories also showed a decline with 3.882 less barrels held by US firms, down from an increase of 1.5M the previous week. A decline in stock of the commodity affects supply and thus rises prices.

Binary Options traders are now awaiting the release of the Nonfarm Payrolls this Friday. Analysts expect that the number of people employed during April rose by 224,000, if the actual figure is lower than this could weaken the Dollar further in the short term.

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