The USD is the strongest and the NZD is the weakest as NA traders enter for the day
Bond yields come off highs. Gold lower. Stocks little changed ahead of Retail Sales/PPIAs North American traders enter for the day, the USD is the strongest of the majors while the NZD is the weakest. Today, the US has a data dump with PPI, retail sales, industrial production and capacity utilization, business inventories, NAHB housing data in Fed minutes all on the schedule. Yields on the longer and continued the move to a new cycle high, but have backed off into the opening and are down modestly. US stocks are mixed in premarket trading. The strong to weakest are relatively scrunched together. The USD is the strongest but has the CAD and JPY just behind. For the NZD it is fighting with the EUR and CHF as the weakest today.
- Bitcoin traded to a new all time high of $51,717.88. The current price is trading at $50,900 that's up $2320 or 4.77%
- Spot gold is trading down as the dollar rises. The precious metal is down $4.57 or -0.26% $1789.84
- Spot silver is trading down $0.07 or -0.25% $27.17
- WTI crude oil futures are trading up $0.91 or 1.52% at $60.96 for the March contract. The April contract is trading up $0.92 or 1.53% at $61 even
- S&P index up 1 point after yesterdays -2.24 point decline yesterday
- Dow industrial average up 22 points after a record close yesterday
- NASDAQ index down -22 points after a -47 points 974 point decline yesterday
- German DAX, -0.48%
- France's CAC, unchanged
- UK's FTSE 100, -0.15%
- Spain's Ibex, -0.4%
- Italy's FTSE MIB, -0.4%
In the European debt market, the benchmark 10 year yields are modestly higher (with a small decline in the UK the exception).