Missile retaliation in Syria a driver today. USD mixed.
The ups and downs continue with another flight out of risk/into safety as a retaliatory attack on Syria gets closer. President Trump tweets a strong warning to Russia as well.
The JPY which was the weakest currency yesterday after the rise in stocks. The AUD is the weakest. It was the strongest yesterday.
The USD is mixed with the largest gain vs. AUD and CAD and the largest declines vs JPY and EUR.
The changes and ranges are contained. The moves are typical, but maybe the market is getting tired with the ups and downs every other day. JPY pairs are lower and near their day lows. The GBPUSD is trading back near unchanged as EURGBP spikes higher.
In other markets, the snapshot shows:
- Spot gold is up $11 or +0.82 at $1350.45
- WTI crude oil is up $0.65 ore 1.02% at $66.17. The run higher continues
- Bitcoin is up $19 at $6855 with only a $109 range from low to high.
In the US stock market:
- S&P futures imply a -23.5 point decline
- Nasdaq futures imply a -58 point decline
- Dow futures imply a -237 point decline
In the US debt market:
- 2 year 2.286%, -2.0 basis points
- 5 year 2.597%, -2.7 basis points
- 10 year 2.77%, -3.1 basis points
- 30 year 2.994%, -2.7 basis points
CPI up at 8:30 AM ET.
The weekly inventory data will be released at 10:30 AM ET/1430 GMT. The private EIA data showed a surprise build of 1.758MM barrels.
The estimates show:
- Crude oil -1250K
- Gasoline -1100K
- Distillates 0K
