The USD is mixed
As North American traders enter for the trading day, the AUD is the strongest. The RBA kept rates unchanged and signalled that they are comfortable with rates here and that the 'gentle turning point' in the economy continues. The CHF is the weakest. The USD is mixed. There is some chattter about rolling back some of the US/China tariffs that are giving the markets hope (again).
The ranges and changes (see charts below) are showing that the EURUSD is trading at the sesssion lows as it cracks and runs from its 100 day MA. The USDJPY is near the session high and the USDCHF is near the session highs. Stocks are moving higher again in pre-market trading which is helping those pairs move higher.
In other markets, the snapshot is showing:
- Spot gold is down -$9.27 or -0.61% at $1500.60
- WTI crude oil is up $0.51 or +0.88% at $57.04
In the premarket for US stocks, the major indices are trading higher. The 3 major indices closed at record levels yesterday. Obviously, a positive day will be a new record high for any of the indices:
- Dow, up 68 points
- S&P, up 6 points
- NASDAQ up 20 points
In the European equity markets major indices are mostly higher:
- German DAX, +0.1%
- France's CAC, +0.2%
- UK's FTSE, +0.3%
- Spain's Ibex, -0.2%
- Italy's FTSE MIB, +0.4%
In the US debt market yields are moving higher with the yield curve steepening a bit:
In the European debt market yields are also marginally higher with Germany and France yields leading the way. The French OAT yield nearly reached the 0.0% level (the high reached -0.006%) before backing away from that key level.
