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

Technical Analysis

Author: Greg Michalowski | gbp

The USD is mixed

As the North American session begins, the GBP is the strongest on more confidence for a Conservative victory at the upcomng election. The JPY is the weakest, continuing the declne that had the pair the weakest of the majors on Friday.  US stocks are higher. Rates are higher. Gold is lower.   Asia stocks closed higher despite more violence in Hong Kong. European stocks are mixed.

The USD is mixed
The ranges and changes are showing the activity in the GBP pairs leads the way. Those pairs are off the extemess though. THe USDJPY opened lower, but did recover and is trading back above its 200 day and 200 hour MAs at 108.9092 area.  The GBPJPY is surging and is the biggest mover of the majors today. 

The ranges and changes of the major currencies today
In other markets:
  • Spot gold is down $9.76 or -0.66% at $1458.54
  • WTI crude oil futures are trading down $0.23 or -0.40% at $57.49
In the premarket for US stocks, the futures are implying higher openings:
  • The Dow industrial average is up 54 points
  • The S&P index is up 4 points
  • The NASDAQ index is up 19 points
In the European markets the stock indices are mixed:
  • German DAX, -0.1%
  • France's CAC, -0.1%
  • UK's FTSE 100, +0.36%
  • Spain's Ibex, +0.1%
  • Italy's FTSE MIB, unchanged
In the US debt market yields are up by about 1 to 2 basis points

The US rates are higher by about 1 or 2 basis points

In the European debt market, the benchmark 10 year yields are mixed once again with German, France and UK yields, little higher and Spain, Italy and Portugal a little lower:

European yields are mixed

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