The AUD is the strongest and the NZD is the weakest as the NA session begins

As the North American session begins, the AUD is the strongest and the NZD is the weakest .

The AUDUSD followed the NZDUSD lower in the Asian-Pacific session, but then found support buyers vs its 100 day MA near 0.6660 and bounced higher, while the NZDUSD continued its move to the downside (not shown but believe me).

Looking at the AUDNZD (the biggest mover today with a near 1% gain), the price traded between the 100 and 200 hour MAs for part of the Asian-Pacific session, before breaking to the upside and finding upside momentum as sellers turned to buyers (see green line in the chart below).

The AUDNZD pair traded to the lowest level of the year at 1.0695 (and lowest level since December 8, 2021) last week before starting the rebound to the upside over the last few days. The move back above the hourly MAs is a first step in the short term at least (if the price can stay above).

In the UK CBI realized sales rose to 11 which reversed the sharp decline last month that saw the index move from 18 to -19. The expectations was for -24. That has helped to push the GBPUSD higher over the last few hours but the GBPUSD still remains lower on the day. PS the price bounced off the 200 day MA at well near 1.20849. That's the dip buying story. At the highs today, the pair stalled at the falling 100 hour MA (which is the sell the rally story). See the lower green overlay line on the chart below and the blue falling line.

Looking at other markets a snapshot is showing:

• spot gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is trading down $3.70 or -0.20% at $1814.15
• spot silver is down $0.27 or -1.14% at $23.85
• WTI crude trading up $1.62 at $77.82
• bitcoin is trading at $16,845. That is in the middle of the range today between $16,778 and $16,919

In the premarket for US stocks, the major indices are up for the second consecutive day. Yesterday for day losing streaks were snapped with modest gains:

• Dow Industrial Average +245 points after yesterday's 92.20 point gain
• S&P index is trading up 20 points after yesterday's 3.96 point rise
• NASDAQ index is trading up 41 points after yesterday's 1.08 point rise

the European equity markets the snapshot of the market currently shows:

• German DAX, +0.86%
• France CAC +1.17%
• UK's FTSE 100 +0.98%
• Spain's Ibex +0.88%
• Italy's FTSE MIB +0.95%

In the US debt market, the yields are lower in the short end with the longer end less impacted.

In the European debt market, the 10 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term are lower across the board with Italian yields down the most (near 10 basis points).