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

Technical Analysis

Author: Greg Michalowski | eurusd

The USD is mixed

The CHF is the strongest and the EUR is the weakeast of the major currencies as NA traders enter for the day.  The USD is mixed with gains vs the EUR as the most at +0.26% and the largest declines vs the CHF at -0.20%.  The other major pairs are only changed by 0.9% or less (from the close from yesterday). 

The USD is mixed
The ranges are modest today with all the pairs well below the 22 day average ranges (red line in the lower chart below). Versus the dollar the GBPUSDU, USDJPY, USDCAD, AUDUSD and NZDUSD are all trading within 8 pips of unchanged and off the day's extremes. The EURUSD has been trending lower in the European session after the pair tested its 100 hour MA late in the Asian session and stalled.  That gave the sellers the edge and they pushed the price lower. 
The ranges and changes for the major currency pairs
In other markets:
  • Spot gold is trading down $8 or -0.46% at $1718.55. The high price reached $1729.77. The low price extended to $1713.20.
  • WTI crude oil futures are trading down $0.37 -0.96% at $38.01. The high price reached $38.75. The low extended to $37.21
In the premarket for the US stocks, the futures are implying a higher opening:
  • Dow is up 199 points
  • S&P is up 22 points
  • Nasdaq is up 78 points
In the European equity markets the major indices are also trading to the upside:
  • German DAX, +0.7%
  • France's CAC, +0.9%
  • UK FTSE, +0.42%
  • Spain's Ibex, +0.2%
  • Italy's FTSE MIB, +0.1%
In the US debt market the yields are trading near unchanged levels

US yields are mixed
In the European debt market, the benchmark 10 year yields are trading higher by varying degrees. The German 10 year is being shunned the most by investors with a gain of 5.3 basis points. The France's CAC is up 1.9% but still remains below the 0.0% level at -0.031%:

European yields are higher
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