The CAD is the strongest. The NZD is the weakest.
As the NA traders enter for the trading day, the CAD is the strongest currency while the NZD is the weakest. Oil prices are up about $0.20 again but the CAD is not exactly soaring against most currency pairs (it just is the strongest at this snapshot). The NZDUSD is perhaps getting some interest from a risk off/geopolitical viewpoint. US stocks are called lower in premarket trading (S&P down about -4 points and Nasdaq down about 7.5 points) and the markets are concerned about the Trump agenda and the geopolitical environment. The NZDUSD took out the lowest low going back about a month.
The ranges and changes are once again confined in narrow trading ranges. The largest range for a pair against the USD is 46 pips and it is the NZDUSD. That says it all about the lack of volatility in the market. SO grab your pips and be happy.
- Gold is up marginally after the near $20 increase yesterday (up $0.66 today).
- WTI Crude is up about $0.20 to $53.60. The range is $53.76 to $53.35
- US yields are trading around unchanged. The 10 year remains just below 2.30%. It has a high of 2.308% and a low at 2.278%
- S&P futures are -4.0 points, Nasdaq down about -7 points and Dow futures down -10.00 points
