The NZD is the strongest and the EUR is the weakest as NA traders enter for the day
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The USD is mixed
Looking at the ranges and changes, the ranges for the major currency pairs vs the USD are relatively steady and modest. All the major pairs have low to high trading ranges of 27 pips to 45 pips. All are well below the 22 day averages (about a month of trading). The JPY prices are mixed with the USDJPY lower by just a pip. The EURUSD is trading units lows at down -30 pips on the day. The pair is retesting it’s 100 hour moving average and the 1.2000 natural support level (the 100 hour MA is at 1.2005). The low today has reached 1.1998 (trades at 1.2006).
In other markets:
- Spot gold is a $5.13 or 0.29% at $1783.93
- Spot silver is up $0.20 or 0.79% at $26.04
- WTI crude oil futures are trading up $1.04 or 1.66% at $61.64
- Bitcoin is down $-2225 or -3.92% of $54,556. THe high price reached $57,111. The low price reached $54,344.64
In the premarket for US stocks, the major indices are trading lower:
- Dow, -4 points after yesterday’s -256.33 point decline
- S&P, -4 points after yesterday’s -28.32 point decline
- Nasdaq -33 points after yesterday’s -128.49 point decline
In the European markets, the major indices are higher after yesterday’s sharp declines:
- German Dax, unchanged after falling -1.55% yesterday
- France’s CAC, +0.5% after falling -2.05% yesterday
- UK’s FTSE 100, +0.38% after a -2.0% fall yesterday
- Italy’s footsie MIB, +0.16% after yesterday’s -2.44% fall
- Spain’s Ibex, +0.3% after yesterday’s month 2.8% fall
In the US debt market yields have post marginally higher after yesterday’s points which saw the 10 year yield fall -4.4 basis points,
The European debt market, the benchmark 10 year yields are trading mixed:
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