The CHF is the strongest and the AUD is the weakest as NA traders enter for the day

Technical Analysis

Author: Greg Michalowski | forex

The USD is mixed

As North American traders enter for the day, the CHF continues as the strongest currency (it was yesterday too), and the AUD is the weakest.  The US treasury put Switzerland on the watch list as a currency manipulator yesterday and is helping to strengthen the CHF.  The USD is mixed with modest gains vs the GBP, AUD, NZD and CAD and declines vs the EUR, JPY and CHF.

The USD is mixed
Looking at the ranges and changes below, the price action are showing limited movements. All the major currency pairs are well below the 22 day averages. The GBPUSD has a range of 57 pips vs a 22 day average of 120 pips. The USDJPY only has a 19 pip range vs an average of 46 pips. The USDCAD, AUDUSD and NZDUSD only have pip ranges of less than 23 pips.  

The ranges and changes for the major currency pairs
In other markets:
  • Spot gold is reversing is points yesterday and trading up $4.51 or 0.29% at $1550.89
  • WTI crude oil futures are trading down $0.05 or -0.09% of $58.18
In the premarket for US equities the major indices are higher:
  • S&P index +3.35 points
  • Dow industrial average, +6.33 points
  • NASDAQ index, +22.83 points
In the European equity market market the major indices are mostly lower with the exception of the UK FTSE hundred:
  • German DAX, -0.12%
  • France's CAC, -0.16%
  • UK's FTSE 100, +0.16%
  • Spain's Ibex, -0.3%
  • Italy's FTSE MIB, -0.4%
In the US debt market rates are modestly lower:

The US yields are mostly lower

In the European debt market, the benchmark 10 year yields are mostly lower with the exception of the Portugal 10 year yields.  

The European yields are mostly lower

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