Technical Analysis

The JPY is the strongest and the AUD is the weakest as NA traders enter

The USD is mixed

As NA traders enter for the day, the JPY is the strongest, the AUD is the weakest and the USD is mixed. The major currencies are relatively bunched together today.  


The ranges and changes for the major currency pairs are showing the bunching. The major pairs vs the USD are all within 19 pips of unchanged on the day.  The EURUSD is down -8 pips while the GBPUSD is up 13 pips. THat has the EURGBP moving lower today (down for the 2nd day in a row). See the post from yesterday, which spoke to a possible top technically for the pair (click here)

The ranges and changes for the major currency pairs
In other markets, the snapshot is showing:
  • Spot gold is up $8.04 or 0.6% at $1334.87
  • WTI crude oil is down $1.53 or -2.89% at $51.74. The private inventory data yesterday once again showed a large build of crude of +4852K.  The DOE will release their numbers today with a draw of -1000K estimated
  • Bitcoin on Coinbase is up $87 at $8017.25. The high reached $8081.81. The low extended to $7817

In the premarket for US stocks, futures are implying a lower opening:

  • Dow, -62 points
  • S&P, -7 points
  • Nasdaq, -32.5 points

In the European markets, the major indices are trading lower:

  • German DAX, -0.62%
  • France’s CAC, -0.86%
  • UK’s FTSE, -0.83%
  • Spain’s Ibex, -0.54%
  • Italy’s FTSE MIB, -0.8

In the US that market yields are tracking lower:

the US yields a lower


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