The USD is a little lower at the start of the day
The SNB kept rates unchanged, helping to send the CHF higher. It is the strongest of the majors. The USDCHF tumbled back down to its 200 day MA at 0.9903 but has stabilized near the level. The AUD moved lower after the unemployment rate moved higher. It is the weakest of the major currencies. The Bank of England and Bank of Japan kept rates unchanged. The GBPUSD has had an up and down day, trading near mid-range at the start of the NA session. The USDJPY moved lower falling between the 200 and 100 hour MAs at 107.849 below and 108.074 above (currently trades at 107.933)
THe USDCHF is the biggest pip mover of the majors with a 84 pip range and down near day's lows (-63 pips). The USDJPY and the JPY crosses are lwer but off the lows. The EURJPY is the exception as the EURUSD is moving back higher in today's trading.
In other market:
- spot gold is up $7.80 or 0.53% at $1501.60
- WTI crude oil futures are up $1.26 or 2.17% at $59.37. The salaries are reported to be getting oil from Iraq to satisfy customer demand which puts into question the production moving back toward normal
In the premarket for US stocks, the futures are implying a lower opening
- Dow -37 points
- NASDAQ -12 points
- S&P -4 points
In European markets, major indices or higher
- German DAX, +0.3%
- France's CAC, +0.5%
- UK's FTSE, +0.6%
- Spain's Ibex, +1.0%
- Italy's FTSE MIB, +0.7%
In the US debt market yields are lower by 2 to 3 basis points
In the European debt market, benchmark 10 year notes are trading mostly higher with the exception being in the UK (-1.6 basis points)
