Futures are moderately higher following disappointing jobs data (57K vs 130K), CL’s drop through support, and another pointed decline in VIX. The algos are happy.

CL’s drop through the .786 at 68.78 helped the 10Y back off its breakout, which in turn reversed DXY’s breakout. The level to watch is 100.77.

Futures are off moderately as Q3 kicks off. Currencies are taking center stage, with USDJPY making new highs and EURUSD breaking down. Don’t look now, but the 10Y just broke out.