The USD is mixed. So are the EUR and GBP after the central banks kept rates unchanged.
The BOE and the ECB have kept rates unchanged as per expectations. The market awaits the press conference from ECBs Draghi. The GBP and the EUR are mixed in the morning snapshot. The AUD is strongest after a stronger employment report, while the JPY is the weakest. The USD is mixed with gains vs the JPY, NZD, EUR. It is lower vs the AUD and CHF. The GBP and CAD are near unchanged.
Looking at the changes and ranges, the USDJPY is the pair that is moved the most vs the close at up 33 pips. The other major pairs are all within 18 pips of the unchanged line. The low to high ranges are all well below their 22 day averages. Like yesterday, there is room to roam.
In other markets:
- Spot gold is down -$0.20 or -0.02% at $1206.16
- Crude oil is down -$0.90 or -1.28% at $69.46
- Bitcoin is up $164 at $6469. The rise today has taken the price above its 100 and 200 hour MAs at $6312 and $6409 respectively. Stay above gives the buyers more control. Be aware
In the pre-US stock market, major indices are trading higher
- Dow is up 76 points
- S&P is up 5.73 points
- Nasdaq is up 23 points
In European markets most indices are higher (UK the exception in the snapshot):
- German Dax is up 0.56%
- France's CAC is up 0.49%
- UK's FTSE is down -0.13%
- Spain's Ibex is up 0.68%
- Italy's FTSE MIB is up 0.23%
In the US debt market, yields are higher. The yield curve is slightly lower with the 2-10 spread down -0.2 bps.
A snapshot of the 10 year benchmark yields in Europe are showing a mixed result, but with limited changes.
