North American traders ready to go

The North American traders are in place and the USD is the strongest (it was the strongest at this time yesterday too but gave up gains). The markets are concerned about trade. The yuan is weak again (USDCNH at highest level in a year).

The GBPUSD is also weaker today after the lower than expected retail sales in the UK. That pair is trading at session lows as is the EURUSD. Heck, all the major pairs against the US dollar are trading near the days extremes (dollar higher). The ranges are also pretty decent with the GBPUSD, USDCAD, AUDUSD an NZDUSD all trading above their 22 day average trading ranges. The markets are moving.

In other markets:

  • Spot gold is down -$12 as the fall continues for that pair. It trades at $2815.62. Earlier this week, the price fell below its 200 week MA at $1234.36
  • WTI crude oil futures is down $0.49 at $68.27.
  • Bitcoin is up $90 at $7420. The 100 day MA is within the sites of traders at $7613. The high today reached $7436.

US yields are a little higher:

European 10 year yields are lower:

In the US stock market, the futures imply a lower opening:

  • Dow is down -110 points
  • S&P is down -10 points
  • Nasdaq is down -29 point

European stocks are lower:

  • German Dax is down -0.5%
  • France's Cac is down -0.5%
  • UK FTSE is bucking the trend. It is up 0.1%
  • Spain's Ibex is down -0.4%
  • Italy's FTSE MIB is down -0.3%