Quiet start to the trading week. AUD is the strongest. NZD is the weakest.

Technical Analysis

Author: Greg Michalowski | forex

USD is down marginally mostly

The week is off to a quiet start in the forex market. The AUD is the strongest.  The NZDUSD is the weakest. That combo, makes the AUDNZD the biggest mover and at 0.46% change, it is not really that volatile.   The USD meanwhile, is mostly lower with a 0.29% decline vs the AUD leading the way. The greenback is down -0.15% vs the JPY and up 0.15% vs the AUD. The rest of the pairs are down less than 0.1%. 

The ranges and changes show the lack of volatility in the market (see charts below). Only the EURUSD and GBPUSD have ranges over 50 pips. The cross currency pairs are also well below their 22 day average trading ranges.  

A snaphot of some of the other markets are showing a projected good start in US stocks:
  • S&P futures are implying a 30 point rise
  • Nasdaq futures imply a 73 point rise
  • Dow futures imply a 304 point rise.
In the US debt market, yields are higher:
  • 2 year, 2.0855%, up 1.2 basis points
  • 5-year 2.567%, up 2.3 basis points
  • 10 year 2.873%, up 2.1 basis points
  • 30 year 3.162%, up 2.5 basis points
Spot gold is up $2.33 or 0.18% at $1318.38
WTI crude oil futures are up $1.12 or 1.88% at $60.32
Bitcoin is higher by $442 at $8758
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