Dollar moves higher on the back of the Brainard comments

The more hawkish Brainard comments have the dollar moving to the upside, stocks lower and yields higher.

Yields: The US 2 year is now up 7.6 basis points to 2.50% while the 10 yield is up 12.2 basis points to 2.52%. The 2-10 year spread as moved to positive two basis points out of the inversion.

Stocks: The major US indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are now all lower with the NASDAQ leading the way to the downside:

• Dow industrial average -54 points or -0.15% at 34869.32
• S&P -23 points or -0.50% 4559.72
• NASDAQ index -191 points or -1.32% 14342
• Russell 2000 down -27.19 points or -1.3% at 2068.38.

Gold has moved back down toward unchanged on the day near $1933.13

Forex:

• EURUSD is trading to a new session low and trades below the 61.8% at 1.09499. The lows from last week at 1.0944 has also been broken with the next target coming in at swing lows from March 15 at 1.09253 followed by swing lows from March 10 and 11th at 1.0899 (call it 1.0900)
• USDJPY: The USDJPY has now moved above the swing area between 123.02 and 123.188. The current price is trading at 123.27.

• USDCHF: The USDCHF is spiking higher and looks toward its 200 hour moving average at 0.92805

USDCAD: The USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh Read this Term has moved back above its swing low from the end of March at 1.24286 after trading to the lowest level since November 10. The pair is now back between the swing lows from January and March between 1.24286 and 1.24476.