The USD is mixed as stocks setup for a weak opening
The NZD is the strongest and the CAD is the weakest - giving up some of the NAFTA gains from yesterday - as the North American session begins. ADP employment is up ahead, and the US stocks are set to open sharply lower on China trade war concerns.
The USD is mixed with gains vs the CAD, GBP and AUD and declines vs the NZD, JPY , EUR and CHF.
Looking at the changes and ranges, are showing mostly weakness in the JPY pairs, although the prices are off the lows. The ranges are below the 22 day averages but there is still plenty of NY trading hours to push pairs to new extremes (and data as well with ADP and ISM data out). Of course the stock/debt markets will also have their impact as well.
A snap shot of other markets are showing:
- Spot gold is up $12.30 more 0.92% at $1345
- WTI crude oil futures trading down $.93 or -1.46% at $62.58
US stocks are trading sharply lower in pre-market trading:
- Dpw is implying a -463 point decline
- The NASDAQ is implying a -106 point decline
- The S&P is implying a -38 point decline. The 200 day MA today is centered around 2593
IN the US debt market today, yields are lower:
- 2 year 2.262%, -1.6 basis points
- 5 year 2.58%, -1.7 basis points
- 10 year 2.76%, -1.6 basis points
- 30 year 3.0%, -1.0 basis points
