March 20, 2017. The NZD is the strongest. The JPY is the weakest.
As the NA traders enter for the trading day, the NZD is the strongest currency, while the JPY is the weakest.
Looking at the changes and ranges charts below the major currency pairs are all hanging close to the Friday closing levels the USDJPY is biggest change at +18 pips in our morning snapshot. It is trading at the highs for the day. The GBPUSD is trading nearer the lows (down -9 pips) after being up as much as 40 pips. There has been a negative reaction to the Article 50 announcement (at least delayed reaction).
The Ranges for the day show the NZDUSD and the AUDUSD have traded to their 22 day average trading range line as have some of the AUD and NZD cross pairs (line the AUDJPY and NZDJPY). The EURUSD's and USDJPY have only a mid 40 pip trading range as the week gets off to a slow start.
In other markets:
- US pre-market stocks are little changed: Dow futures down -5, Nasdaq futures down -1.25. S&P futures are down -3 points
- US bond yields are hanging around unchanged across the curves: 2 year 1.312%. 5 year 2.02%, 10 year 2.504%, 30 year 3.116%
- Spot gold is up $1.60 or 0.13%
- Crude oil is down -$0.73 or 1.5%
- European stocks are lower: German Dax -0.26%, UK FTSE-0.09%, France CAC -0.23%, Italy MIB -0.34, Spain Ibex -0.34%
- European 10 year notes are mixed: German +2 bp, France +1.6 bp, UK +1 bp, Italy +1.8bp
On the calendar:
- Canada Wholesale sales for Jan +0.5% est vs +0.7% last
- US Chicago Fed National Activity Index for Feb +0.03 vs -0.05 last