Traders continue to “risk”
As North American traders enter for the day, the NZD is the strongest and the USD is the weakest (with the JPY also weaker) while traders continue to “risk”. US stocks rose again in pre-market trade, with the Dow’s industrial average reaching around 300 points in pre-market trade.
The ranges and changes show lower runs in the USDCAD and USDCHF and higher runs in the NZDUSD and AUDUSD as NA traders enter. The GBPUSD fell and rose, but is currently higher on the day. EURUSD has trended upwards, but is encountering resistance at 100 day MA at the level of 1.09667 so far today (which caps the pair).
In other markets:
- Spot gold trades from $ 6.50 or 0.38% to $ 1,751.68
- WTI crude oil futures are trading up from $ 0.73 to $ 32.69. Yesterday there was a surprise draw in the private API data towards the close of negotiations
In the pre-commercialization of American equities, the futures contracts imply a higher opening after the liquidation at the end of the day following negative comments from STAT on the results of the Moderna test. Futures currently involve:
- Dow what 330 points points
- NASDAQ Index +114 points
- S&P Index +37 points
On the European equity markets, the main indices are trading with mixed results
- German DAX, + 0.4%
- CAC France, -0.4%
- FTSE 100 in the UK, + 0.3%
- Spanish ibex, -0.3%
- FTSE MIB in Italy, -0.4%
In the United States, debt market yields are slightly higher, with the yield curve also being slightly steeper.
On the European debt market, the 10-year reference rates are mixed with today’s flows more towards the least risky countries like Germany, France and the United Kingdom and outside the most risky countries like Spain, Italy and Portugal.