Modest changes in the major currencies

The NZD is the strongest and the AUD is the weakest as the North American session begins. The ranges are narrow as the market braces for the weekend developments from the G20 meetings this weekend. With anxiety from the meetings, there can be some choppy action today as flows before the weekend and month end/quarter end influence price action. Be aware.

Modest changes in the major currencies

The ranges are very tame today. The largest range of the major pairs vs the USD is the EURUSD at 32 pips. The USDCAD only has a range of 17 pips. The ranges are very contained for the major cross currency pairs as well. All are well below their 22 day averages (about 1 month of trading).

The ranges and changes are very contained

The snapshot of other markets are showing:

  • Spot gold is up $4.20 at $1413.81
  • WTI crude oil is up $0.13 or 0.22% at $59.57
  • Bitcoin on Coinbase is back higher today after yesterday's plunge. The price is up $1168 at $11849.

The US stock futures are implying a higher opening:

  • Dow is up 93 points
  • S&P is up 7.8 points
  • Nasdaq is up 12 points

In European stock markets, major indices are higher:

  • German Dax +0.5%
  • France's CAC +0.3%
  • UK FTSE, +0.2%
  • Spain's Ibex +0.3%
  • Italy's FTSE MIB +0.4

In the US debt market, yields are little changed:

US 10 year yields are little changed

In Europe, the benchmark 10 year yields are also modestly changed on the day:

European 10 year yields are little changed