The CAD is the strongest while the NZD is the weakest
The USD is a mixed bag
The CAD is the strongest while the NZD is the weakest as the North American session gets underway. Stocks are up strongly in early trading with Netflix and Goldman leading the way after their respective earnings reports beat expectations. Bond yields are creeping higher. The USD is mixed.
There may be a snapshot of the rankings, but the major currencies are relatively close together as ranges for the major pairs very narrow. The USDJPY is in the midst of a 26 pip range. The USDCAD and AUDUSD are in a 30 pip range. The biggest movers are the GBPUSD and EURUSD at 71 and 52 respectively. The wage data disappointed and the bullish bubble was pricked a bit in that pair. Nevertheless, the GBPUSD pair sitting around unchanged on the day. The EURUSD is too (dragged down too in the London session). There is a lot of ups and downs in the currency markets today.
In other markets, the snapshot shows:
- Spot gold -$3.77 or -0.29% at 1341.98
- WTI crude oil is unchanged at $66.26
US stocks are up in pre-market trading:
- Dow is up 246 points
- S&P is up 20 points
- NASDAQ is up 63 points
In the US debt market:
- 2 year 2.381%, +0.4 basis points
- five-year 2.688%, +0.8 basis points
- 10 year 2.839%, +1.2 basis points
- 30 year 3.034%, +0.9 basis points