EURUSD heading lower and back toward unchanged as Draghi awaited
The JPY is the strongest while the CHF is the weakest in the morning snapshot. The USD is mostly modestly lower vs the major currency pairs. The dollar is only higher vs the CHF. The USD is climbing vs the EUR and trading near unchanged levels after the ECB statement of unchanged policy.
The GBPUSD has the largest trading range for the day in a down and up trading day so far. The EURGBP fall is helping to support the GBPUSD pair. It is testing its 100 hour MA at 1.3966 currently which is a key barometer for bulls and bears alike.
The other dollar pairs are trading in narrow up and down trading ranges. The EURUSD, USDCAD, AUDUSD and NZDUSD are all within a few pips of yesterday's closing level.
In other markets:
- Spot gold is up $1.19 or 0.18% at $1324
- WTI crude oil is up $0.69 or 1.00% at $68.74
- Bitcoin is trading down -$194 on Coinbase at $8885 and is below the 100 day MA at $9110. Yesterday, the pair tested the 200 day MA at $9889 but was turned away.
The US stocks are up in pre-market trading
- Dow futures imply a 92 point gain
- S&P futures imply a 14 point gain
- Nasdaq future imply 86 point gain after FB earnings beat
US yields are lower in early trading:
- 2 year 2.475%, down -1.2 bp
- 5 year 2.810%, down -2.6 bp
- 10 year 2.992%, down 3.3 bps
- 30 year 3.177%, down 2.9 bp
