The AUD is the strongest, while the NZD is the weakest as the NA session begins

Technical Analysis

Author: Greg Michalowski | forex

The USD Is mixed.

As the NA session begins, the AUD is the strongest helped by stronger China data overnight. while the NZD is the weakest. It was hurt early by weaker CPI data (but did recover part of the losses on the back of the China data).  The USD is little changed overall with gains vs the NZD and CHF and declines vs the AUD, CAD and EUR. The greenback is little changed vs the GBP, JPY in the morning snapshot.

The % chaanges shows the AUD is the strongest and the NZD is the weakest
The NZDUSD has the largest of ranges this morning but trades in the middle of that range.  The GBPUSD, USDJPY, USDCHF and USDCAD are all trading within 13 pips of unchanged (in the snapshot).  The ranges are so-so vs the EURUSD, GBPUSD, USDJPY, USDCHF.  The so-called commodity/risk currencies have the most activity (of course they were most effected by data in the Asiian session today). 

The ranges are mixed in trading today
In other markets:

  • Spot gold is up $0.77  or 0.06% at $1277.63.  Gold has been tumbling lower and trades near 2019 lows
  • WTI crude oil futures are up $0.38 or 0.59% at $64.43. It is running higher and it looks to test the 2019 at $64.79
In the US stock market, the futures imply a higher opening:
  • Dow, +31 points
  • Nasdaq up 27 points
  • S&P up 6.25 points
US yieldss are little changed:
  • 2 year, 2.412%, unchanged
  • 5 year 2.4111, up 0.5 bp
  • 10 year 2.597%, up 0.7 bps
  • 30 year 2.995%, up 0.4 bps
IN the 10 year benchmark European market:
  • Germany 0.08%, up 1.4 bps
  • France, 0.428%, up 1 bps
  • UK 1.236%, up 1.7 bps
  • Spain 1.111%, up 2.5 bps
  • Italy 2.628%, up 3.4 bps
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