Home / Forex Treiding / The CAD is the strongest. The GBP is the weakest as NA session begins.

The CAD is the strongest. The GBP is the weakest as NA session begins.

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The USD is mostly higher (marginally) in early NA trading. 

At the start of the NA session, the CAD is the strongest, the GBP is the weakest.  The USD is marginally higher in what more many currency pairs has been an up and down day (or down and up).  

The GBP has had the largest of trading ranges vs the USD (that is the pattern of late with the Brexit headlines).  All the pairs vs the USD (and crosses as well) are below their 22-day averages (about a month of trading ranges for the day).  The GBPUSD and EURGBP are starting the day near the day’s extreme.

In other markets:

  • Spot gold is down $-4.12 or $1222.77
  • WTI crude oil futures are up $.02 or 0.03% at $69.14
  • Bitcoin on Coinbase is down -$41 at $6396.64

In the US stock market, equities are expected to open higher on the back of stronger China equity markets (stimulus measures were announced by the PBOC)

  • S&P futures imply a 15.5 point gain
  • NASDAQ futures imply a 81.77 point gain
  • Dow futures imply a 66 point gain

European shares are higher:

  • German Dax is up 0.67%
  • France’s CAC is up 0.4%
  • UKs FTSE is up 0.8%
  • Spain’s Ibex is up 0.3%
  • Italy’s FTSE MIB is up 0.3%

In the US debt market near the start of the session, yield are a little lower:

In the benchmark 10 year yields in Europe, rates are mostly lower:


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