May 5th, 2017. The NZD is the strongest. The AUD is the weakest.
As North American traders enter for the day and the world prepares for the employment reports out of the US and Canada (AND a host of Fed speakers too), the NZD is the strongest, while the AUD is the weakest.
The ranges for the day are below the 22 day averages. That might be expected as traders either sit tight or have lightened positions before the data. Some crosses are also in play instead of moves in the USD. The AUDNZD has moved lower and trades near the lows (down -53 pips). The EURGBP is also on the move before the French election weekend. It is also trading at its lows for the day. The EURUSD is trading near the day's lows while the GBPUSD is trading near it's highs.
A snapshot of the other markets shows:
- Spot gold correcting today after some steady declines. It is trading up $5.74 to $1233.81
- WTI Crude oil continues to fall. It is down -$0.19 to $45.33.
- US pre-market stocks are mixed/little changed. S&P futures are up 0.75 points, Nasdaq is up 0.50. Dow is down -16 points
- US yields are up a little with the 2 year at 1.314, +0.8 bp. 10 year at 2.363%, up 0.9 bp. The 30 year yield is trading at 3.00%, up 0.1 bp
- In Europe, stocks are mostly lower with the Dax -0.27%, UK FTSE down -0.08%, France CAC +0.05%, Italy MIB +0.48, Spain IBEX unchanged.
