September 27th, 2017
The USD is the strongest and the CHF is the weakest as the North American traders enter for the trading day.
The 38.2% of the move down from the December 2016 high comes in at 0.97729. That area has also been a ceiling going back the last 4 trading months.
The major US pairs against the US dollar and all the cross currencies have trading ranges below their 22 day averages (about a month of trading), but the ranges are not bad with the NY session to go. So decent volatility, but not run away volatility. The USDJPY, USDCHF, EURUSD are trading near high dollar extremes. The JPY crosses are also near high levels. The GBPUSD (down -38 pips) was a lot lower on the day.
In other markets today:
- Spot gold is down -$5.50 to $1288.88. The dollar is stronger/less tension in N. Korea and gold moves lower
- WTI crude is unchanged at $51.87. Its still above the $50 level and suddenly the talk if of how supply is not too high. DOE inventory data is out at 10:30 am ET/1430 GMT
- US yields are up today. 2 year is at 1.4727%, up 2.7 bp. 5 year is at 1.18954%, up 3.7 bp. 10 year is 2.2854%, up 4.9 bp. 30 year is up 2.8246%, up 5 bp
- US stocks are projected to open highe. Nasdaq futures are up 20 points. S&P futures are up 5.25 points. Dow futures are up 27 points.
Durable goods orders will be out at the bottom of the hour with the expectation at 1.0% vs -6.8% last month.
