Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

The EUR is the strongest and the CHF is the weakest as NA session begins

A.R Chowdhury by A.R Chowdhury
August 30, 2021
Reading Time: 2 mins read
0

The USD is mixed with modest gains and losses

As the North American session begins, the EUR is the strongest and the CHF is the weakest   The USD is mixed after the tumble on Friday on the back of a less hawkish/more dovish comments from Fed Chair Powell at the Jackson Hole virtual summit.  The USD is stronger vs the CHF (+0.39%) and NZD (+0.19%), and lower vs the CAD (-0.12%). The greenback is little changed vs the EUR, GBP, JPY and NZD (0.05% or less change).  Hurricane Ida is now a tropical storm but in addition to human tragedy, will disrupt business and commerce in the region and along the Mississippi River.  London traders are off for a bank holiday. The economic calendar is empty today.  

The USD is mixed with modest gains and losses
Looking at some of the major high to low ranges versus the US dollar, there are four of the 7 major pairs with less than 30 pips (the USDJPY only has a 19 pip trading range).   Looking at the percentage of the ranges versus what is normal over the last month of trading five of the seven had ranges less than 50% of what is normal. 

In other markets:

  • Spot gold is trading near unchanged at $1816.49.
  • Spot silver is up $0.17 or 0.67% $24.16.
  • WTI crude oil futures are down $-0.12 or -0.17% at $68.62
  • Bitcoin is trading down around one thousand dollars and $47,819

In the premarket for US stocks, the futures are implying a modestly higher opening after Friday’s moves higher that saw the S&P and NASDAQ index closed at record levels:

  • Dow +33 points after Friday’s 242.68 point rise
  • S&P up 5.6 points after Friday’s 39.37 point rise
  • NASDAQ index +21 points after Friday’s 183 point rise

In the European markets, the major indices are mostly higher:

  • German DAX +0.15%
  • France’s CAC, +0.15%
  • UK’s FTSE 100, +0.3%
  • Spain’s Ibex, -0.2%
  • Italy’s FTSE MIB unchanged

In the US debt market, the yields are mostly higher after the declines on Friday. The tenure yield is trading at 1.314% up 0.2 basis point.

The ranges and changes for the major currency pairs In the European debt market, the benchmark 10 year yields are mixed with UK and Spain yields up modestly and German, France, Italy yields down modestly.
The ranges and changes

Invest in yourself. See our forex education hub.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post

Major US indices open higher. S&P and NASDAQ at new records

USDCHF ups and downs continue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

USDJPY tests 200 hour moving average

August 5, 2020
Dollar pushes back to the upside. Stocks slide

Dollar pushes back to the upside. Stocks slide

September 15, 2021

Major indices lower as trading gets underway on the major exchanges

July 23, 2020

Popular Stories

  • New highs for US stocks. The Nasdaq continues to lead

    New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • Bitcoin technical analysis, bulls might be giving up soon

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.