Technical Analysis

The USD is mixed as the US/Canada jobs are awaited

The trading activity is light in the forex market as jobs reports are awaited in Canada and the US. The GBP is the strongest. The CHF is the weakest.  

The  ranges and changes show the markets “wait and see” mode.  The largest trading range vs the USD is the GBPUSD at 57 pips. The rest of the major pairs vs. the USD are at 35 pips or less. Not a lot of movement.  We will see if Jobs Friday gives the pairs a kick.

In other markets:
  • Spot gold is up $3.60 or 0.30% at $1203.48
  • WTi crude oil is up $0.35 or +0.46% at $74.69
  • Bitcoin is down -$8.00 at $6538

In the pre-market US stock market is implying a mixed opening:

  • Dow is up 15 points
  • S&P is near unchanged
  • Nasdaq is down -16.5 points

European shares are not doing well today:

  • German Dax , -0.7%
  • France CAC -0.4%
  • UK FTSE -0.7%
  • Spain’s Ibex -0.4%
  • Italy’s FTSE MIB -0.8%

The snapshot of US yields is showing rates higher by about 1.5 bps:

In the benchmark 10 year European notes in Europe, yields are higher with the Italian volatility continuing:


Source link

Articles You May Like

Wednesdays Trading day with DayTraderRockStar LIVE TRADING
Forex Market Trading Sessions Complete Detail | Free Course
7 day reverse repo rate to 2.2% from 2.4%
Dollar continues to keep firmer on the session
forex scalping trading Concept เทรดสั้นอย่างไรให้มีกำไร

Leave a Reply

Your email address will not be published. Required fields are marked *