As expected...

The US major stock indexes are opening with modest losses (as expected).

  • S&P is down -2.5 points or -0.10%
  • Nasdaq is down -3.327 points or -0.06%
  • Dow is -26 points or -0.12%

In the US debt market:

  • 2 year 1.213% +1.1 bp
  • 5 year 1.785% +1.7 bp
  • 10 year 2.255% +1.6 bp
  • 30 year 2.900% +1.4 bp

Gold is moving a little lower with the higher yields. Spot gold is trading at $1283.28, -$3.80.

WTI Crude oil is trading at $53.18, little changes at +$0.08 or +0.15% on the day.

The EURUSD just fell below the 100 day MA and moves toward the 100 hour MA at 1.0609 level. We are back in the range that dominated the since post employment on Friday.

The USDJPY has moved above trend line resistance.