The USD is mixed vs the 3 major currency pairs to kickstart the North American session . The greenback is higher vs the JPY (+0.34%), but is lower vs the EUR (-0.06%). The dollar is also higher vs the GBP (+0.03%). IN the video above, I take a look at the Big 3 currencies vs the USD and discuss the technicals that are driving traders to start the new trading day.
In other markets to start the US session:
- US stock indices are higher after snapping their 5-day up streak. The Dow is up 53 points, S&P is up 15 points and the NASDAQ index is up 94.9 points.
- US yields are mixed with a steeper yield curve. The two-year is down -0.2 basis points at 3.538%. The 10 year is up 1.8 basis points at 4.113%. The 30 year is up 2.0 basis points at 4.762%.
- Crude oil is down by $-0.16 and $59.16.
- Gold is down $21.52 or -0.5% at $4208.93.
- Silver is down $0.54 or -0.94% at $57.40 after trading to a new record high of $58.84 yesterday.
- Bitcoin is trading up around $1000 at $87,258. Yesterday the low price reached $83,814.
China reportedly issued the 1st where earth magnet general export license to the US since the Xi and Trump meeting
EU unemployment rate came in at 6.4% versus 6.3% expected.
EU HICP flash year on year as they came in at 2.2% versus 2.1% expected. Excluding food and energy alcohol tobacco he came in at 2.4% as expected.
