The GBP is the strongest and the JPY is the weakest as NA traders enter for the day

Technical Analysis

Author: Greg Michalowski | forex

The USD is mixed/a little lower

The GBP is the strongest (and running higher) helped by better retail sales today (+0.2% vs -0.2% est). The JPY is the weakest. US stocks are higher now (but whipping around), but US yields continue to fall. The USD is mixed/ a little lower.  

The strongest and weakest currencies as North American traders enter
The GBP pairs are trading at extreme levels (GBPUSD at highs in the snapshot and EURGBP at lows).   The JPY pairs had big up and down activity with levels more near the middle in the snapshot this morning.

US yields traded higher with the longer and moving up the most.
In other markets, 

  • Spot gold is down $1.15 or -0.08% at $1515.40
  • WTI crude oil futures are down $0.62 or -1.12% at $54.61
In the premarket for US stocks the futures are implying higher opening as news is out saying Xi and Trump are in talks. 
  • Dow, +153 points 
  • NASDAQ, +35 points 
  • S&P, +19 points
European shares are still lower:
  • German DAX, -0.47%
  • France's CAC, -0.1%
  • UK's FTSE, -1.1%
  • Spains Ibex, unchanged
  • Italy's FTSE MIB, -2.5%
In the US debt market, yields are lower with declines of -3.1 to -4.5 basis points. The 2-10 spread is trading positive.

  US yields are lower

The European yields are lower as well in the snapshot.

European yields are lower


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