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The EUR is the strongest. The CHF is the weakest. The changes are minimal.


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All the currencies are bunched together in the early NY snapshot

The EUR is currently the strongest while the CHF is the weakest as North American traders enter for the day. However, take note that all the major currencies are bunched together (relatively to other days).  The USD is mixed a day after the FOMC decision which was thought to signal a less dovish Fed (no 100 or even 50 basis point cut is in the cards to the shagrin of Pres. Trump).   

The GBPUSD has the largest range of the major pairs vs the USD ast 54 pips thanks to the BOE interest rate decision volatility.  The ups and downs still has the pair near unchanged on the day.  Of the majors, the USDJPY is the farthest from the unchanged liine at +12 pips on the day. The pairs are scrunched together in up and down trading for most pair.

  • Spot gold is down -$4.75 or -0.37% at $1272
  • WTI crude oil futures are down -$-0.91 or -1.45% at $62.69

In the US, stock futures are implying a mixed opening:

  • S&P is up 0.47 points
  • Nasdaq is up 9.9 points
  • Dow is down -16 points

In Europe, equity markets are open after the May day holiday yesterday and are mostly lower:

  • German Dax, +0.14%
  • France’s CAC, -0.41%
  • UKs FTSE, -0.09%
  • Spain’s Ibex -0.96%
  • Italy’s FTSE MIB -0.31%

In the US debt market, yields are higher with the shorter end continuing to move higher (post FOMC trend).

In Europe, the benchmark 10 year yields are lower:

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