Changes are modest across the curve.
The snapshot of the gainers and losers at the start of the NA session is showing the USD is the strongest, while the AUD is the weakest. Note, however, that the price action is relatively tame with the largest changes being a 0.36% rise vs the AUD and 0.33 gain vs the GBP.
The changes and ranges show the GBPUSD is trading at the session lows. Services PMI came out much weaker than expected and is hurting that currency. The other GBP pairs are also near extreme levels.
The trading ranges (lower chart) are all well below the 22 day averages. Of course the US employment report will be released tomorrow. That will be a key barometer for the markets once again. .
In other markets, the snapshot before the 8:30 AM data is shows:
- Spot gold is down -$4.00 on the stronger dollar. That is a -0.31% fall. The price trades at $1329.20
- WTI crude oil futures trade at $63.25, down -$0.13 or -0.22%
- Bitcoin is trading down -$144 at $6682.01. The April low at $6450 and the Feb low at $5873 are targets. The 100 hour MA above is at $7024. Stay below is more bearish.
In the pre-market trading in US stocks, the major indices are higher:
- The S&P implies a 18 point rise
- The DOw implies a 130 point rise
- The Nasdaq implies a 73 point rise
In US yields, rates are higher:
- 2 year 2.30%, up 0.8 bp
- 5-year 2.629%, +1.0%
- 10 year 2.817%, +1.5 basis points
- 30 year 3.058%, +2.2 basis points
