Technical Analysis

The JPY is the strongest. The AUD is the weakest as NA dealer enter for the day

The USD is generally greater with declines vs JPY and GBP

The JPY is the strongest and the AUD is the weakest as NA merchants enter for the day.  The Australian greenback dropped sharply right this moment in response to the Reserve Financial institution of Australia Governor Lowe backing away from ‘subsequent fee transfer is probably going up’ bias to a impartial ‘fee outlook is evenly balanced’.  A lot for the run up on the “much less dovish RBA” yesterday.  The JPY is greater with a lot of the features vs the AUD, CAD and NZD.   The USD is generally greater with a lot of the features as soon as once more vs the commodity/threat currencies (AUD, NZD, CAD).

The USD is mostly higher with declines vs JPY and GBP

The AUD is buying and selling down close to -100 pips on the day (and has an outsized 123 pip vary on the day).  THe USDCAD and NZDUSD even have comparatively excessive buying and selling ranges for the day with one other 9 hours to the shut.   AUD crosses are alwo operating and close to extremes (see charts beneath).   On the opposite excessive is the EURUSD which as soon as once more has a comparatively small vary coming into the day (solely 30 pips and down -16 pips).  The GBPUSD has a lower than 50 pip vary.  It has traded above and beneath the unchanged line (up 12 pips in the meanwhile).

The ranges and changes for the major currency pairs

In different markets:

Spot gold is down $1.40 or -Zero.11% at $1313.95WTI crude oil futures are buying and selling down $.03 at $53.63
The inventory futures are implying a decrease opening for the main indices:The Dow Jones industrial common is implied to open down -44 pointsThe S&P index futures are implying a – 7.45 level declineThe NASDAQ futures are implying a – 15 level decline

In Europe chairs are buying and selling blended:

German DAX, -Zero.47%France’s CAC, -Zero.23%UK’s FTSE, unchangedSpain’s Ibex, unchangedItaly’s FTSE MIB, +Zero.48%

Yesterday the German DAX closed close to its 100 day transferring common, however backed off that key technical degree right this moment.

Within the US debt market yields are down, however lower than one foundation level throughout the curve:

US yield curve at the start of the NY sessionThe benchmark European yields are buying and selling blended:European benchmark 10 year yields are mixed
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