The JPY is the strongest. The NZD is the weakest as NA traders enter for the day.
The USD is more down (mostly vs. JPY, AUD and CAD).
The snapshot of the major currencies is showing the JPY is the strongest, while the NZD is the weakest as traders enter for the day. The USD is mostly lower with most of it’s declines vs. the JPY, AUD and CAD. The EURUSD, USDCHF, GBPUSD, and NZDUSD are little changed. The USD rose sharply yesterday. Today’s moves take back some of those gains (although the retracements are somewhat modest).
There will be lots of economic data dumped today before the Good Friday holiday. So there is that potential for flow movements. Plus it is month end for many with Europe and Canada all off on holiday tomorrow. It is not a bank holiday in the US tomorrow but the bond and stocks markets are off.
The ranges are limited with the EURUSD range at 39 pips,the USDCHF at 30 pips, the USDCAD at 33 pips and NZDUSD at 26 pips. Those are way below their 22 day average trading ranges. There is room to roam.
In other markets, the snapshot at the start of the day are showing:
- Spot gold trading down $.30 or -0.02% at $1324.85
- WTI crude oil futures are trading down $.11 or -0.16% at $64.27
- US stocks are trading little higher with the Dow futures implying a gain of 80 points, the NASDAQ futures implying a gain of 35 points, and the S&P futures implying a gain of 9 points
- US yields are lower. 2 year 2.282%, -0.2 basis points. 5 year 2.58%, -1.3 basis points. 10 year 2.764%, -1.6 basis points. 30 year 3.00%, -2.2 basis points.
- Bitcoin is trading down $400 and $7514.
Leave a Reply
Want to join the discussion?Feel free to contribute!