Canada’s employment day. Uber first trade. US CPI. 25% tariffs begin
The CHF is the strongest and the GBP is the weakest as NY traders enter. HOwever, the changes are modest with the major pairs bunched up. The day is full with more trade stuff, Canada’s employment, US CPI, Ubers first trade, Fed’s Bostic and Williams speak. THe USD is a little lower but once again, all pairs are bunched.
The EURUSD only has aa 24 pip range today. GBPUSD is up at 39 pips. The GBPUSD, USDJPY, USDCAD, AUDUSD and NZDUSD are trading within 8 pips of the close from yesterday.
The snapshot of other markets are showing:
- spot gold is up $1.27 or 0.10% $1285.28
- WTI futures are trading up $.13 or 0.21% at $61.82
In the premarket forward US stocks, futures are implying lower openings
- Dow Jones -136 points
- S&P index, -19 points
- NASDAQ index -51 points
European shares are trading higher. Remember yesterday they close at the lows for the day, while the US shares closed near it’s highs. So there was a NY afternoon rally that is helping the recovery a bit.
- German DAX, +0.58%
- France’s CAC, +0.4%
- Britain’s FTSE, +0.23%
- Spain’s Ibex, +0.42%
- Italy’s FTSE MIB, +0.63%
In the US the market yields a mixed with the shorter end down marginally in the longer end up marginally