The NZD is the strongest. The CHF is the weakest as Friday in NA begins.

Technical Analysis

Author: Greg Michalowski | forex

The USD is the weakest

The NZD is the strongest and the CHF is the weakest as Friday in North America begins.  The day will have a number of US and Canada releases including Empire Manufacturing, industial production and capacity utilization, JOLTs job openings and Univ of Michigan consumer confidence. In Canada, Manufacturing sales and existing home sales will be released.  The USD is mostly weaker. The CAD is mixed.  NOTE: the changes today are all relatively bunched together. With all the Brexit drama this week (really took Trump, and China/US off the front pages for a few days at least. PS US and China is back in the news today and helping stocks), traders may be feeling a bit tired. PSS today is triple witching in the US stocks which can cause stock volatility
 The USD is the weakest

The ranges and changes shows the bunching. The major pairs vs the USD are all within about 20 pips of each other, with ups and downs.  The trading ranges vs the 22 day average trading ranges are showing modest trading ranges as well. 

The ranges and changes
In other markets, the snapshot is showing:

  • Spot gold is up $6.90 or 0.52% at $1303.06.  The 200 hour MA stalled the fall in yesterday's trading. 
  • WTI crude oil is trading down $.30 or -0.51% to $58.31
In premarket tradingthe US futures for stocks are implying a higher opening:
  • Dow, +142
  • NASDAQ +37.24
  • S&P +11.47
In European markets, indices are also higher:
  • German DAX, +1%
  • France's CAC, +0.9%
  • UK's FTSE, +0.65%
  • Spain's Ibex, +1.14%
  • Italy's FTSE MIB, +0.92%
In the US debt market, the yields are down around a basis point (well the 2 year is only down -0.2 bps).

US yields are marginally lower

In the European debt market, the 10 year benchmark yields are also marginally lower.

The European yields are marginally lower
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