The GBP is the strongest, while the NZD is the weakest as NA traders enter for the day

Technical Analysis

Author: Greg Michalowski | forex

The USD is mostly lower

After the weekend strikes on Syria, and trading in the Asian and European morning, the GBP is the strongest, while the NZD is the weakest.  The USD is lower vs. all the major currencies with the exception of the NZD.  

The NZDUSD has been up and down, but it did stay below the 100 hour MA (at 0.73633) on the Asian session high and that has given traders a reason to sell.

The USD is trading near the high  vs the EUR and GBP at the NA opening.  Those pairs are moving the most today too. The EURJPY and GBPJPY are also trading near the highs.  

In other markets at the opening:
  • Spot gold is little changed at -$0.40 at $1345.38
  • WTI crude oil is down $.83 or -1.25% at $66.56
  • Bitcoin is trading down $250 and $8050
In the premarket in the US, stock futures are implying a higher opening
  • S&P futures decline a 15.45 point gain
  • Dow futures implying a 145 point gain
  • NASDAQ futures implying a 41 point gain
In the US market yields are higher
  • 2 year 2.381%, +2.5 basis points
  • five-year 2.703%, +3.0 basis points
  • 10 year 2.86%, +3.3 basis points
  • 30 year 3.06%, +3.8 basis points
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