Home / Forex Treiding / A snapshot of the markets as London/Europe head for the exits

A snapshot of the markets as London/Europe head for the exits

  • share

Canada the strongest. EUR the weakest

As London/Europe traders look for the exits, the forex market has shifted the strongest currency as the CAD soared on the more hawkish BOC. In the statement, the central bank took out the word “gradual” rate hikes. That implied the potential for a more agressive path to neutrality.
The weakest currency remains the EUR (from the start of the North American session).

The ranges and changes are showing the EURUSD, GBPUSD, USDCAD, AUDUSD and NZDUSD are near extreme levels.  The USDCAD has the largest pip range vs the USD.

In other markets the snap shot is showing stocks are mostly lower.  European shares were lower (although the UK FTSE was up by the slimmest of margins).  In the US the Nasdaq is down -1.67%. The S&P is down -1.07% (it was worse). The Dow was higher earlier on the back of Boeing earnings, but is now down as well.
In the US debt market, the yields remain lower with the 2-10 spread lower by -2.1 bps.  The levels are closer to the lows for the day.

IN other markets:

  • Spot gold is down -$1.71 or -0.14% at $1228.56
  • WTI crude oil futures are up $1.05 or 1.58% at $67.48.  Crude oil inventories showed a build greater than expectations but below the private data from yesterday.



About SkyNET

Leave a Reply

Your email address will not be published.