The UK looks to the big game. The US is thinking July 4th.
As the clock ticks to the start of England vs. Columbia and the 4th of July holiday, there is trading still going on.
It is a turn around Tuesday with AUD rebounding and the strongest currency of the day. It moved to the lowest level since January 2017 yesterday. The RBA kept rates unchanged as expected and will likely keep that path for the time being, but sellers turned to buyers, and the currency surged higher. The USD - which has been leading the charge of late on risk off trade sentiment - is the weakest currency in the morning snapshot.
The GBPUSD range and the commodity pairs (risk on) are the movers today. The EURUSD, USDJPY, USDCHF are lagging in "action" at least as their trading ranges are well below the 22 day averages. Some of the JPY crosses are liking the appetite for risk on the turnaround Tuesday
IN other markets, the snapshot show:
- S&P is up 11
- Dow up 136
- Nasdaq up 42 points
- The Shanghai composite index was down -1.9% at one point today but closed up +0.4% in a big comeback. The state own media called the recent selloff irrational
- Japan's Topix index was down -0.75% but closed only down -0.15%
- Spot gold is up $6.39 or 0.51% at $1248.40
- WTI crude oil futures are up $.82 or 1.10% at $74.75. The high reached $74.93 - just shy of $75.
- Bitcoin is down -$43 at $6575 but is still up smartly from last weeks low of $5790
- US 2 year 2.556%, +0.8 basis points. Five-year 2.770%, +1.5 basis points. 10 year 2.878%, +0.7 basis points. 30 year 2.996%, +0.3 basis