The USD is mixed
The ranges and changes are showing mixed signals. The ranges for the day are relatively low with the USDJPY, USCAD very modest at 38 and 35 pips respectively. The GBPUSD has traded down and snapped back higher in making up it’s 85 pip range. The USDCHF spent most of the time today below the unchanged line and the NZDUSD is also at session lows.
IN other markets:
- Spot gold is trading up $10.16 or 0.52% at $1939.24
- Spot silver is trading up $0.40 or 1.5% at $27.09
- WTI crude oil futures are down $0.40 or -0.93% at $42.53
In the premarket for US stocks the major indices are mostly lower. The Nasdaq is modestly higher while the S&P and Dow are lower. The airlines are getting hit on concerns about additional funding for the government.
- Dow industrial average -124 points
- S&P index -12.6 points
- NASDAQ index +2.61 points
In the European market,, the major indices are down sharply:
- Germany’s DAX index -1.31%
- France’s CAC -1.3%
- UK’s FTSE 100, -1.4%
- Spain’s Ibex, -1.28%
- Italy’s FTSE MIB, -1.2%
In the US debt market, yields are moving to the downside with the yield curve flattening once again
In the European debt market, the benchmark 10 year yields are also trending to the downside with the German yield down -3.3 basis points: