Th JPY is the strongest and the NZD is the weakest as the NA session begins

The JPY is the strongest and the NZD is the weakest as the NA session begins.

The USD is stronger against all the major currencies with the exception of the JPY which continues its move to the upside after a strong day of buying of the JPY (selling of the JPY pairs) yesterday on the back of thoughts the BOJ might look to tighten a little more next week when they have their policy meeting (on Wednesday).

Yesterday, the US CPI headline number came in weaker at -0.1% vs 0.0% taking the 6 month annualized rate close to 2%. It's onto the next 6 months now, with still an eye on services inflation (ex energy services) which despite the gains in the headline CPI , still were up 0.5% for the month. Shelter was also up 0.8% for the month. There are still stuff within the report that Fed officials can complain about. Be aware.

Earning season is now underway with a slew of releases:

• Citi beat marginally on top and bottom.
• JPMorgan missed on Revenues.
• BofA was better on top and bottom.
• Wells was short on Revenues.
• Blackrock beat.
• UnitedHealth beat on top and bottom line
• Delta was short on the revenues and guided lower on Q1 (but sees full year higher than est.)

US stocks are lower in pre-market trading with the Dow down -250 points. The Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term is down -125 points after 5 days of gains. The S&P and Dow are on a 3 day run to the upside.

A look at other markets are showing:

• spot gold is trading down $0.42 or -0.02% at $1896.50
• spot silver is trading down $0.20 or -0.86% at $23.56
• WTI crude oil is trading up $0.27 at $78.47
• bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term maintains gains and trades at $18,850. The high price yesterday reached $19,114 before backing off (closed at $18,853)

In the premarket for your stocks, the futures are currently implying:

• Dow Industrial Average -257 points after yesterday's 216.96 point gain
• S&P index -36.92 points after yesterday's 13.56 point gain
• NASDAQ index -125 points after yesterday's 69.43 point gain

in the European equity markets, they remain largely higher in the day:

• German DAX, unchanged
• France's CAC +0.22%
• UK's FTSE 100 +0.4%
• Spain's Ibex +0.26%
• Italy's FTSE MIB 0.22%

in Asia-Pacific markets

• Hang Seng index, +1.04%
• Japan's Nikkei, -1.25%
• New Zealand 50 +0.77%
• Australia's S&P/ASX +0.66%

In the US that market, the yields are higher with the biggest gains out the curve:

in the European debt markets, the benchmark 10 year yields are trading lower: