GBPUSD is the biggest mover as the week begins
The USD is the strongest as the GBP is the weakest. That makes the GBPUSD the weakest pair of the day as North American traders enter for the day. The "day" does not have a huge amount going on. There is core PCE and Personal spending and income out at 8:30 AM ET/1330 GMT.
The big stuff comes later in the week. In the US Pres. Trump's State of the Union speech will kick things off on Tuesday. The FOMC comes on Wednesday and Employment arrives on Friday. In between are a bunch of key earnings from AMD, McDonalds, Boeing, Apple, Amazon, Alphabet, Alibaba, and Microsoft.
Other data this week includes Australia CPi on Tuesday (well Wednesday for them). EU CPI on Wednesday, Canada GDP on Wednesday.
In other markets, the snapshot shows:
- Spot gold down -$6.12 or -0.45% at $1343.54
- WTI crude oil -$0.45 or -0.68% at $65.66
- In the premarket stock futures in the US. NASDAQ futures are down -17.25 points. S&P futures on lower by -7.0 points. Dow futures are down by -48.0 points
- US yields have spiked higher (helping to support the USD. 2 year 2.1484%, up 3.2 basis points. Five-year 2.573%, up 5.7 basis points. Ten-year 2.7235%, up 6.3 basis points. Thirty-year 2.969%, +5.7 basis points
- European yields are higher too in the 10 year sector: Germany 0.693%, up 6.4 basis points. France 0.970%, up 5.8 basis points. UK 1462%, up 1.8 basis points. Italy 2.037%, up 3 basis points. Spain 1.432%, up 2.2 basis points
