Technical Analysis

The NZD is the strongest and the GBP is the weakest as NA traders enter

The USD has ups and downs vs the majors

The NZD is the strongest while the GBP is weakest as NA traders enter for the day.  The USD is mixed.  The major currencies are relatively bunched together. 

The USDJPY has moved to the highs of the day and into the black at the NY opening.  The GBPUSD is trading at the lows for the day (down -32 pips).  PM May remains under pressure to quit earlier than she wants/expects, and cross party talks on Brexit continue to languish.   THe EURUSD has given up earlier gains and trade unchanged.   Below are the high/low/changes and trading ranges (vs 22 day average) for the major pairs. 
The ranges and changes snapshot of the major currency pairs
In other markets:
  • Spot gold is down -$2 or -0.16% at $1294.35
  • WTI crude oil is up $0.74 or 1.21% at $62.76
  • Bitcoin on Coinbase is taking a breather and is down -$267 at $7906.27. The digital currency did move to a high of $8388 which is the highest level since July 26, 2018 when it reached $8488. 

US stock futures point to a higher opening:

  • Dow, +100 points
  • S&P +9.64 points
  • Nasdaq, +23 points

In European markets, the major indices are higher:

  • German Dax, +0.62%
  • France’s CAC, +0.25%
  • Britains FTSE+0.23%
  • Spain’s Ibex +0.48%
  • Italy’s FTSE MIB, +0.39%

In the US yields are higher in the shorter end. The 30 year is little changed.

US yields are higher with a flatter yield curve

IN Europe, the 10 year benchmark yiields are lower:

European 10 year yields are lower

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