The USD is mostly lower
As the trading in NY gets off to a start, the AUD is the strongest despite news that US/China agreement would likely be delayed until June. The GBP is the weakest as the next Brexit votes are neared. The USD is lower mostly with gains vs the GBP and a small gain vs the JPY the only moves higher. PM May still needs more votes to have lawmakers pass her plan.
The ranges and changes show that the GBP pairs have the most trading interest. The low to high trading range is 72 pips with most of the activity below the 0 line but also midway off the low of the range. The other major pairs vs the USD have ranges of 45 pips or less (the USDJPY is only 20 pips). The EURUSD is trading at the session highs at the start of the NY day. All of the major pairs (and crosses) are below their 22 day averages, however. There is room to to roam.
In other markets, a snapshot is showing:
- Spot gold is up $1.50 or 0.12% at $1304.02
- WTI crude oil is up $0.07 or 0.12% at $58.59
In the US stock market, futures are implying a mixed opening:
- Dow , -29 points
- S&P, +4 points
- Nasdaq, +9 points
IN Europe, shares are mixed:
- German Dax, -0.30%
- France's CAC, unchanged
- UK FTSE +0.55%
- Spain's Ibex, +0.70%
- Italy's FTSE Mib +0.82
In the US debt market, yield are up marginally, with the longer end up more (steeper yield curve):
European benchmark 10 year yields are mixed:
