Changes are modest
As North American traders enter for the day, the USD is the strongest. The JPY is the weakest (and France plays Belgium play at 2 PM ET/7 PM in London in the World Cup semifinal). The currency pairs are stacked together today (relatively).
The USDJPY continues its run higher, breaking above a topside trend line at 111.01 on the daily chart. That is a risk level for longs now.
The EURUSD and the GBPUSD ranges are leading the way, but all pairs are below the 22 day averages for now (the ranges are kinda consistent).
In other markets, the snapshot shows:
- Spot gold is down -$6.40 at $1251.26
- WTI crude oil is up $0.29 at 74.13
US stock futures are implying a stronger opening:
- Dow is up 55 points
- S&P is up 4.5 poijnts
- Nasdaq is up 15 points
US yields are marginally higher (less than 1 bp).
In Europe, the 10 year yields are mixed with Spain and Portugal yields lower, the UK yields are up 3 bps, the German 10 year is up 1.1 bps.
