As London/European traders look to exit, the JPY remains the strongest and the NZD is the weakest of the major currencies


The USD is higher but few for the day

While European / London traders are looking to exit for the day, the JPY remains the strongest and the NZD is the weakest of the major currencies. That was the rank when US stocks opened for trading a few hours ago. The USD was the strongest at the start of the North American session.

The USD is higher but highest for the day A look around the other markets shows:

  • Gold moved higher after the USD came out of its highs. The precious metals are currently up $ 15.64 or 0.84% ​​at $ 1885.15. The high price extended to $ 1890.13. The low was at $ 1852.25.
  • Silver is trading down $ 0.26 or -0.93% at $ 27.91. The low at $ 27.37, it is still below its highs at $ 28.23 and negative on the day
  • WTI oil futures decreased $ 2.50 -3.73% to $ 63.05. The price was volatile, with the low price hitting $ 61.95 while the high extended to $ 65.35. DOE’s inventory data showed a construction of 1320K against expectations of 2000K. The price is under pressure as negotiations with Iran on a nuclear deal continue. If an agreement is reached, it is likely that sanctions against Iran will be phased out.

Bitcoin was the main story for the day. The price dropped to $ 30,000 in the lowest (a nice even number). The high price today reached $ 43,591.70. The current price is trading down $ 5900 per -13.64% at 37 381. It is legal currents, but also all highs and below its historical high of $ 64,895. The 200-day moving average is currently at $ 39,809.58. Stay below that moving average that seems more in control.

In the U.S. debt market, yields are slightly lower, but some bases are showing their low days. Also some basic points show the high days. A counterweight to sharp falls in stocks is that yields tend to decline and end up slowing the decline (sometimes). The 10 yield still remains well below the 2% level. Fed officials continue to support the idea that rates will remain low for a long time. The FOMC meeting minutes will be released at 2 p.m. ET. Traders will look to see if there is more concern from Fed officials than what they express in their speeches.

U.S. yields are lowerIn Europe, the benchmark 10-year yields end up mixed with Germany, France, the UK lower and Spain, Italy, Portugal slightly higher. The German permanent yield reaches a high day of -0.074%. This is the highest level since May 2019.
European yields are mixed Finally on the US stock market, the main indices remain negative with the Dow industry average. The NASDAQ index is the best of the worst at -0.81%.
The United States remains lower

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