The USD is tilted a little lower
As the North American session begins, the NZD is the strongest, while the JPY is the weakest. Having said that, the major currencies are relatively clustered together, with no clear winner on the upside or downside as traders look ahead to the G20 action (Trump/Xi. a WSJ wrote an article stating requirements for a deal from China including lifting bans on Huawai, and lifting all tariffs on China goods) at the end of the week. The USD is tilting more to the downside with modest declines vs EUR, GBP, AUD, NZD and CHF and modest gains vs JPY and CAD.
Of the major pairs vs the USD, the GBP has the largest range at 56 pips after a down first and up next day. The pair is up 13 pips on the day in the morning snapshot. THe AUDUSD, USDCAD and NZDUSD currency pairs have only a 16 to 23 pip trading range (some room to roam in those pairs). THe USDCHF moved higher earlier but has run back down and reeturns back to the 100 hour MA at 0.9762 currently (the low reached 0.9767).
In other market, the snapshot is showing:
- Spot gold is down $-3.54 or -0.24% at $1405.59. THe low has been able to stay above support at $1398-$1400. The high reached $1412.23
- WTI crude oil is down -$0.54 or -0.91% at $58.84
- The price of bitcoin which was up 22% or so at the highs yesterday is down $593 in volatile trading at $12125. The high reached $13358.68, the low extended down to $11301. That was near the 38.2% of the run higher in June at $11416.
The US stocks are mixed implied by the futures:
- Dow is down -2 points
- S&P is up 6.5 points
- Nasdaq is up 25 points
In Europe:
- German Dax, +0.20%
- France's CAC -0.2%
- UK FTSE, -0.3%
- Spain's Ibex, -0.1%
- Italy's FTSE MIB, +0.3%
IN the US debt market, the yields are down modestly:
In the European debt market, the yields are also mixed and little changed:
