The USD is mixed with gains vs the GBP, down vs AUD and little changed vs the others
The AUD is the strongest and the GBP is the weakest as NA traders enter the fray. The AUD/China coal trade ban died down a little helping the pair today helping to support the pair. The GBP Brexit/Poliical mess is messy and that makes the GBP the biggest moving/trending currency at the start of the North American session.
You can see the trend characteristics of the GBP in the top chart below. The GBP is trading at the extremes vs all the major currencies today, and the pip ranges are leading the way too. The other currencies vs the USD, have had modest days (with the exception of the NZDUSD). The other pairs only have low to high trading ranges of 26-38 pips.
In other markets:
- Spot gold is trading down -$1.30 or -0.10% at $1322.33
- WTI crude oil futures are trading up $.76 or 1.33% at $57.74
In the pre-market for US stocks, the futures are implying a higher opening:
- S&P up 10.72
- Dow up 114.37
- Nasdaq up 30 points
in European stock markets major indices are higher:
- German DAX, +0.58%
- France's CAC, +0.44%
- UK's FTSE, +0.65%
- Spain's Ibex, +0.28%
- Italy's FTSE MIB +0.38%
In the US debt market, the snapshot is showing yields are lower in early action. Data yesterday was not great.
In the benchmark 10 year note sector in Europe, yields are lower with the exception of Italian notes. German yields are back down to 0.103% and trading at the lows after trading as high as 0.136%:
