Technical Analysis

The NZD is the strongest and the JPY is the weakest as NA merchants enter for the day

The USD is weaker as the federal government shutdown enters day 19

The NZD is the strongest after being the weakest foreign money yesterday.   Danger on flows are serving to with hope from progress on US/China.  The JPY is the weakest. The USD can also be decrease on the the day with small features vs the JPY, however greater falls vs the NZD, AUD and CAD.  


The exercise is considerably restricted in buying and selling as we speak. Trying on the modifications and ranges charts under, the low to excessive buying and selling ranges are sitting properly under the 22-day averages (apart from the NZDUSD).  The JPY pairs have spent many of the buying and selling day above within the optimistic aspect. The commerce nearer the highs for the day.  Each the EURJPY and GBPJPY are buying and selling above their 200 hour MAs (at 124.65 and 138.44 respectively).  Keep above is extra bullish.
In different markets:spot gold is buying and selling down $-Three.85 or -Zero.31% at $1281.38 WTI crude oil futures are buying and selling up $1 or 2.01% at $50.78.  The worth is lastly moved above the pure resistance space at $50.  The low as we speak prolonged to $49.71

US inventory futures are implying modest features:

Dow, +58.55 pointsS&P, +four.four factors NASDAQ +17 factors

In European markets main inventory indices are larger as properly:

German DAX, +1.1percentFrance’s CAC, +1.24%UK’s FTSE, +Zero.92%Spain’s Ibex, +Zero.12%Italy’s FTSE MIB, +1.34%

Within the US debt market, yields are yields are modestly larger.

Within the European market, the benchmark 10 12 months notes are buying and selling blended with German yields main the best way larger whereas Italian yields decrease are decrease:The cabinet is naked so far as financial releases within the US because of the authorities shutdown.  The DOE will launch their stock information nonetheless at 10:30 AM/1530 GMT.  The U.S. Treasury will public sale off 10 12 months notes at 1 PM ET. The FOMC assembly minutes will probably be launched at 2 PM.   Lastly there are a variety of fed members talking as we speak. Justin has a run down of these audio system HERE. Canada will launch their housing begins at eight:15 AM ET and are anticipated to maintain charges unchanged at 1.75% once they announce their most up-to-date determination to 10 AM ET.  Preview will be discovered HERE.
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