Themes

· General mood is “risk off”

· U.S. Non-Farm Payrolls slightly better at 431k from 492k talk

· Chinese market closed for a public holiday today

What’s Moving

U.S. Non-Farm Payrolls printed better than expected on Friday, although revisions to prior months data saw the market pretty much take the data in its stride and shrugged it off. This did little to revise down expectations of U.S. rate hikes and some small Dollar buying was seen over the day.

Weaker oil and gold prices did little to shake the current confidence in the AUD, which held recent levels, while the Canadian Dollar did the same.

Thoughts

Chinese public holiday’s today and tomorrow should reduce volumes in local trade, which is expected to be consolidatory coming into a new week and after a Friday session with no clear direction.

Data today in Asia includes:

· Japanese Monetary Base (E: 8.0%), and

· Australian ANZ Job Advertisements