The NZD is the strongest and the USD is the weakest as the NA session begins

The NZD is the strongest and the USD is the weakest as the NA session begins.

The USD is not the king today (see weekend video HERE) as there is corrective action in the greenback and in the other US markets as well. The GBPUSD is trading around the 1.0800 level after the plunge yesterday took the pair to an all-time low at 1.0353 (or there abouts). BOEs economist Pill will be speaking later. Will the comments calm the pound anxiety.

The US stocks are higher after the rallies yesterday failed and the major 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 closed lower (closed at the lowest levels since December 2020). The US yields are also moving lower. Gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is getting a boost from the lower dollar and lower rates and is up from April 2020 lows. Crude oil is up 1.4% in early US trading.There are some leaks in the Nord Stream 1 pipeline in a relatively confined area which raised some eyebrows (Russian sabotage?).

A snapshot of the major markets near the start of the US session is showing.

• Spot gold is up $14.61 or 0.90% at $1636.75.
• Spot silver is up $0.35 or 1.88% at $18.69
• Crude oil is at $77.76 up 1.39% on the day
• Bitcoin is back above the $20,000 level at $20247
• Natural gas is up $0.07 or 0.99% at $7.12

In the pre-market for the US stocks, the major indices are higher:

• Dow is up 350 points after yesterdays -329.6 point decline
• S&P index is up 50.75 points after yesterdays -38.17 point decline
• NASDAQ index is up 184 points after yesterdays -65 point decline

In the European equity markets today, the major indices are higher:

• German DAX +0.95%
• France's CAC +0.92%
• UK's FTSE 100 +0.35%
• Spain's Ibex +0.13%
• Italy's FTSE MIB +0.2%

In the US debt market, the yield curve is steep and the bid with the lower end moving lower and the longer and staying steady:

in the European debt markets, yields are also lower: