Major indices up 0.35% -0.45

The major US stock indices are opening up with modest gains

  • Dow industrial average, +85 points or 0.35% at 24614
  • S&P index +11 points or 0.40% at 2661.97
  • NASDAQ composite index +31 points or 0.45% at 7130

Decent start to the stock trading day.

In the US debt market, yields are modestly lower

  • two-year 2.764%, -0.8 basis points
  • 5 year 2.752%, -1.5 basis points
  • 10 year 2.897%, -1.3 basis points
  • 30 year 3.142%, -0.8 basis points

IN other markets":

  • spot gold remains steady at $-3 or -0.25% at $1242.52
  • WTI crude oil futures trade down $-.41 or -0.74% at $50.74

The EURUSD has moved lower after more dovish comments from Draghi. Stay below the 100 and 200 hour MA at 1.1362-69 is more bearish. The 1.1321 and 1.1304-10 are targets below.

The GBPUSD has used the 200 hour MA at 1.2682 currently as a ceiling. The 100 hour MA at 1.26208 is a target on the downside. If that is broken, there could be more selling.

The USDJPY is extending to the upside and above the ceiling from yesterday and today at the 113.49 – 52 area. Stay above keeps the upside the bias with the 113.709 the next target.