December 8, 2022

Forex Solution

Learn To Trade Forex

The CHF is the strongest and NZD is the weakest as European traders look to exit.

2 min read

Gains and losses in European indices are modest.

The major European indices are ending the day mostly lower. The France’s CAC and Spain’s Ibex is edging higher. Gains and losses are moderating.

The provisional closes are showing:

  • German Dax, -0.3%
  • France’s CAC +0.2%
  • UK FTSE 100 -0.2%
  • Italy’s FTSE MIB, -0.3%
  • Spain’s Ibex +0.2%

Taking a look around the markets as London/European traders look to exit. 

  • Spot gold is trading down $1.14 or -0.06% $1891.63.
  • Silver is trading up $0.25 or 0.91% $27.87
  • WTI crude oil futures are down $0.24 at $69.80. The price has moved back below the key $70 level after trading as high as $70.62
  • Bitcoin is rising by at $2700 or 8.1% to $36,380

In the forex, the CHF is the strongest, while the NZD is the weakest. The USD made a play to the lows, in the morning session but has since seen the greenback rally back higher in up and down trading. 

Gains and losses in European indices _are modest.

US stocks are mixed and off their high levels:

  • S&P index is up 2.33 points or 0.06% 4229.62. The high price reached 4237.09. The low price extended to 4226.50
  • NASDAQ index is up 14.5 points or 0.10% at 13939.61. It’s high price extended to 14003.50. The low price is at 13927.68
  • Dow is down 33 points or -0.10% at 34566.24. The high reach 34654.67. The low extended to 34554.45

US yields remain lower but off their lowest levels as traders prepare for the 10 year note auction at 1 PM ET. The yield on the 10 year is back above the 1.5% level.. The low yield reach 1.4710%.

US yields

The benchmark 10 year yields in Europe are also lower with UK yields down the most that -4.0 basis points.

European 10 year yields

Invest in yourself. See our forex education hub.

Source link

Copyright © All rights reserved. | Newsphere by AF themes.