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The NZD is the strongest. The GBP is the weakest at the start of the NA session


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The USD is mixed

As the North American session begins the NZD is the strongest, while the GBP is the weakest.  The USD is trading mixed with little gains/losses vs the EUR, JPY, CHF and CAD, a gain vs the JPY and down vs the AUD and NZD. 

The ranges in the major pairs are relatively modest vs the 22 day average range (about a month of trading). The exception is the GBPUSD which has near a 100 pip ranges.  The NZDUSD is the strongest currency of the majors today and is also trading at high levels for the day (vs major currencies).

A snapshot of other instruments at the start of the New York session shows:

  • spot gold, plus $2.11 or 0.17% at $1224.48
  • WTI crude oil futures down $.14 or -0.27% at $51.49
  • Bitcoin on Coinbase is near unchanged levels of $3670. THe low reach $3563. The I extended to $3800.  The low price on Sunday reached $3456.

US stocks or lower after comments from Pres. Trump in the Wall Street Journal suggested that more tariffs on China imports would go into effect barring a deal with the country at the upcoming G20 summit.  The tariffs would extend to Apple as well. Apple shares are down -$3.79 in premarket trading at 171.10
The major indices futures are trading lower and implying a lower opening for the major indices

  • Dow, -137 points
  • S&P -15.7 points
  • NASDAQ, -57.5 points

European shares are trading lower:

  • German DAX, -0.3%
  • France’s CAC, -0.3%
  • UK’s FTSE, -0.3%
  • Spain’s Ibex, -0.2%
  • Italy’s FTSE MIB, my 0 point

In the US debt market, yields are little changed in early NY trading.

The 10 year benchmark in Europe show yields are lower.

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