Technical Analysis

The CAD is the strongest. The CHF is the weakest because the NA day begins

The USD is greater. The GBP (on Brexit vote day) is combined.

Because the North American session begins, the CAD is the strongest. The CHF is the weakest. The USD is usually greater. It’s the massive Brexit vote day with all kinds of estimates for put up buying and selling with upside probably at 1.4000 and draw back to 1.1000 (I favored this look from an earlier put up).  That is a wide array (it is going to mess up charts as nicely if it goes to an excessive) – extra on that later).    With the chance, the CHF being the weakest is kinda complicated to me however it’s operating greater.  

Earlier than the vote time (which might be tedious in addition to it goes on), might be Empire Manufacturing, PPI and a few Fed audio system (Kashhari, George and Kaplan).  Canada will launch current dwelling gross sales. All that factors to a Pink Alert Day.  RISKY. JP Morgan Chase already laid an egg with their earnings.  

The EURUSD, GBPUSD, USDCHF are buying and selling at their extremes on the NA opening. The AUDUSD and NZDUSD have erased earlier positive aspects and commerce close to on the lows (and again within the purple).  Their ranges are considerably confined at 38 and 36 pips thus far.  There’s room to roam.  The EURJPY and GBPJPY have additionally given up all their earlier positive aspects. 

In different markets:spot gold is down -$1 or -Zero.08%WTI crude oil futures are up $.68 or 1.35% at $51.18Bitcoin on Coinbase is buying and selling down $-21 at $3645

Within the US inventory market, the futures are implying combined outcomes after earlier positive aspects in a single day

S&P index, unchangedNASDAQ composite index +21 pointsDow Jones, -Eight factors

In European markets, markets are additionally combined:

German DAX, -Zero.25%France’s CAC, +Zero.05%UK’s FTSE, +Zero.06%Spain’s Ibex, -Zero.17%Italy’s FTSE MIB, -Zero.27%

Within the US debt market yields are decrease:

European 10 yr benchmark yields are largely decrease as nicely with the exception being the Italian notes that are up 1.5 bps.


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