The USD is stronger but mixed

A snapshot of the strongest and weakest currencies is showing the AUD is the strongest and the JPY is the weakest as NY traders enter. No trade war with China has helped to flows into the risk pairs and out of the "relative safety of the JPY".

The USD is mixed but mostly higher. The GBP did not cheer the royal wedding as Brexit continues to weigh. The GBP is the 2nd weakest currency today.

The ranges are not that bad for some pair vs the 22 day averages (about a month of trading). Others, like the USDCHF, USDCAD, AUDUSD, are not moving a lot. It is a holiday, so we cannot expect much.

In other markets today:

  • Spot gold is down -$7 to $1285.50
  • WTI crude is up $0.16 at $71.45
  • Bitcoin is down $54 from Sunday's close but up from Friday. The digital currency has moved back above its 100 and 200 hour MAs at $8273.90 and $8387.87 respectively. Those levels are risk for traders now. Stay above will keep the buyers happy.

US yields are higher:

  • 2 year 2.569%, up 2.3 bps
  • 5 year 2.9122%, up 2.4 bps
  • 10 year 3.078% up 2.2 bps
  • 30 year 3.123%, up 1.5 bps

US stocks are implying a strong opening:

  • Dow implying a 226 point rise
  • Nasdaq futures are up about 52 points
  • S&P imply a 15 point gain


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