USD is mainly / slightly lower
As NA traders enter for the day, the NZD is the strongest of the major currencies. The JPY is the weakest. It was the same ranking of extremes at the close of negotiations yesterday. In reality. CHF and USD also have the same ranking at the close. Despite the same ranking for most pairs, the stock markets do not progress higher. The US stock market is mixed after the big upward movement yesterday. The European market is lower.
The USD is mainly lower but higher than the JPY as funds flows continue to push the USDJPY and JPY crosses higher. The USDCHF was almost unchanged the day after a big day of decline, up and down yesterday. GBPUSD and EURUSD rose, but encountered some resistance against MA levels. EURUSD collided with the 100-day MA at 1.09694. The GBPUSD collided with the 200-hour MA at 1.22698.
In other markets:
- Spot gold trades up $ 1.25 or 0.07% to $ 1,733.76
- WTI crude oil futures for June delivery trade up $ 0.57 to $ 32.39. The June contract is installed today. The July contract trades up $ 0.10 or 0.32% to $ 31.74.
In the US equity pre-market, futures involve a smaller opening. Walmart reported better profits this morning, while Home Depot (which also reported this morning) has had mixed results as they invest more money in employee safety (Walmart shares are higher, while Home Depot shares are trading lower)
- Dow’s industrial average down -30 points
- The S&P index is down -5 points
- NASDAQ index is up 9 points
European equities gave up some of the significant gains from yesterday’s trade when the German DAX rose 5.6% and the French CAC by 5.16% after the Franco-German restructuring plan:
- German DAX, -0.2%
- CAC France, -0.5%
- FTSE 100 in the UK, -0.3%
- Spanish ibex, -1.8%
- FTSE MIB in Italy, -1.5%
In the European debt market, the 10-year benchmark yields are mixed with the German and British yields and investors continue to flock to Spanish, Italian and Portuguese debt instruments