The GBP is the strongest and the CAD is the weakest as NA trading begins
Technical Analysis
The USD is mostly lower
The snapshot of the major currencies at the start of the NY session is showing the GBP is the strongest while the CAD is the weakest. The USD is mostly lower in the morning snapshot as traders ponder what to do given comments from Pres. Trump suggesting US/China deal may not be done until after the election. He is also on the war path with France which is not good for trade developments with the EU.
In other markets the snapshot is showing:
- Spot gold is up $7.10 or 0.49% at $1469.61
- WTI crude oil futures are down $0.35 or -0.63% at $55.62
in the premarket for US stocks, the futures are implying a lower opening
- S&P -18.25 points
- Dow -211 points
- NASDAQ index -68 points
in the European stock markets, the major indices are mixed
- German DAX, +0.1%
- France's CAC, -0.8%
- UK's FTSE, -1.6%
- Spain's Ibex, -0.2%
- Italy's FTSE MIB, +0.2%
In the US debt market yields have reversed lower after yesterday's gains.
In the European debt market, yields are also trading lower as investors flee riskier assets. The France's 10 year yield is back to 0.0% after trading back above the key level yesterday.
