Яндекс.Метрика The CHF is the strongest and the GBP is the weakest as NA traders enter for the day – Technologies of the future for life!
Home / Forex Treiding / The CHF is the strongest and the GBP is the weakest as NA traders enter for the day

The CHF is the strongest and the GBP is the weakest as NA traders enter for the day


  • share

The USD is mixed at the start of the North American session

The CHF is the strongest and the GBP is the weakest as North American traders enter for the day. In the UK, May’s future as PM and Brexit stalemate, is discouraging the buyers.  The CHF is benefitting today from safety flows.  The USD is mixed with gains vs the GBP, AUD and NZD.  In New Zealand, the RBNZ cut rates by 0.25%. The NZD is weaker but has recovered most of its initial losses and is higher vs the GBP now.  

The changes and ranges are showing very modest rangses vs the dollar for all the major pairs with the exception of the GBP and NZD (the two biggest movers with a 78 pip trading range).  The GBPUSD is trading at it’s lows vs the greenback. The NZD is still down on the day but has scratched back all but 15 pips of the declines today (was down around 75 pips at the lows).  
A snapshot of other markets is showing:

  • Spot gold is up $5 or 0.40% at $1289.50
  • Crude oil futures are up $.06 or 0.10% at $61.41is lower by $.64 or -1.03% at $61.61

IN the US stock market, the futures are implying a lower opening as traders continue to worry about the vibes from the US and China.  On Friday, tariffs are to go up to 25% on $200B of China goods if the Pres. goes through with his threat. Disney reports their earnings after the close:

  • Dow, -68 points
  • S&P, -8 points
  • Nasdaq, -21 points

In European markets the snapshot shows:

  • German DAX, +0.23%
  • France’s CAC, -0.11%
  • UK’s FTSE, -0.20%
  • Spain’s Ibex, -0.39%
  • Italy’s FTSE MIB, -0.41%

In the US debt market, yields are lower with the shorter end moving the most.  

In Europe, 10 year benchmark yields are mixed in the early NY snapshot:


ForexLive

About SkyNET

Leave a Reply

Your email address will not be published. Required fields are marked *