Themes

· General mood is “risk off”

· Cadian Employment much stronger than expected at 336.6k

· No key data in Asia today, expect consolidation of overnight movements

What’s Moving

U.S. dealings opened to a much stronger than expected Canadian Employment report, which pushed the CAD higher earlier and gave traders a respite from waiting for more news of our the Ukraine.

Higher U.S. interest rates then saw the Dollar goon a tear, screaming higher against the Euro and the Yen.

Gold and oil came back slightly, as did U.S. equities, which were pressured by higher U.S. rates

Thoughts

With no major data slated for release in Asia today, we are expecting quiet Monday consolidation of the movements on Friday.