The USD is the strongest. The GBP is the weakest as the NA session begins

Technical Analysis

Author: Greg Michalowski | forex

The GBP gives back a little of the big gains from yesterday

The USD is the strongest and the GBP is the weakest of the major currencies as the NA session begins. The GBP had huge gains yesterday after lawmakers blocked a No-Deal Brexit.   Below is look at the percentage changes of the major currencies vs. the USD and the cross currency pairs.

The GBP gives back a little of the big gains from yesterday
The ranges and changes continue to show volatile price action in the GBP pairs with the pairs trading nearer the lows (for the GBP).  THe USDJPY has trending higher on the day after an early dip in the Asian session was reversed and moved higher. Reports in Japanese media that the government is looking at downgrading its assessment of the economy was a negative for the yen (higher USDJPY).  THe USDCHF has consolidated with a small 21 pip range after yesterday's fall.   The AUDUSD is trading near its session lows. China Industrialo production growth fell to a 17 year low.  The US and China have delayed a summit with Xi and Trump until April.

The percentage change in of the major currencies verse each other
In other markets the snapshot is showing:

  • Spot gold is down $11.90 or -0.91% at $1297.45me
  • WTI crude oil futures are up $.02 or 0.02% at $58.29
The US stock index futures are implying modest gains in the major indices:
  • Dell, +26 points
  • S&P, +3 points
  • NASDAQ, +15 points
IN European markets, major indices are trading higher
  • German DAX, +0.34%
  • France's CAC, +0.66%
  • UK's FTSE, +0.78%
  • Spain's Ibex, +0.67%
  • Italy's FTSE MIB +0.74%
A look at the US debt market in early day trading is showing  yields above and below unchanged levels from yesterday's close:

the US debt market in early day trading is showing  yields above and below unchanged levels from yesterday's close
European yields are mixed with the riskier country yields lower and the "more stable" (?) economies yields higher (i.e. Germany, France and UK)
European yields are mixed

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