The USD is lower/mixed
The ranges coming into the session are limited with all the major pairs and crosses below their 22-day averages (red line in the lower chart below). The major pairs vs the USD have ranges less than 55 pips, which is relatively low.
The Philadelphia Fed Business outlook, initial claims will be released at 8:30 AM ET. Leading index will be released at 10 AM ET. In between, Fed’s Bullard will speak to the Economic Club of Memphis at 9:05 AM ET. Later in the day (12:15 AM ET/1615 GMT), Fed’s Quarles will speak in NY on the Economic Outlook.
- Spot gold is up $2.00 at $1224.33
- WTI crude oil is down -$1.00 at $68.76
THe US stock futures are implying a lower opening:
- Dow -56 points
- Nasdaq -19 points
- S&P down -7