The CAD is the strongest and the JPY is the weakest as the new trading day begins | Forexlive
The USD initially moved higher on Friday only to reverse the gains and end lower on the day. That move to the downside was continued in the early hours of the trading day, but has backed off a bit vs most of the major currencies. However, the EURUSD is stretching to a new high (lower USD in early trading).
In the weekend forex report, I outlined levels in play as the new trading week begins.
Taking a look at the other markets as North American session begins shows:
- Spot gold remains below the $1800 level at $1795.86. The 200 week moving average has moved down to $1796 this week and will be eyed as a barometer for bullish and bearish.
- Spot silver is down $0.13 or -0.59% at $22.98
- WTI crude oil has moved higher by $2.23 to $82.23 is the full fledged Russian oil embargo in Europe begins. OPEC+
- Bitcoin is trading at $17,249 that is up $148 or 0.87%
kept their production at current levels.
in the premarket for US stocks, the major indices are trading lower:
- Dow industrial average is -180 points after Friday’s gain of 34.87 points
- S&P index is down 23.25 points after Friday’s -4.87 point decline
- NASDAQ index is down 56 points after Friday’s -20.95 point decline
in the European equity markets the major indices are mostly lower:
- German DAX -0.52%
- France’s CAC -0.57%
- UK’s FTSE 100 +0.30%
- Spain’s Ibex unchanged
- Italy’s FTSE MIB -0.13% strongest weakest of the major currencies
in the US debt market, yields are higher with gains in the short and outpacing the long end.
In the European debt, market, the benchmark 10 year yields area lower today with UK and Italy leading the way.