Published On: Fri, Aug 10th, 2018

The JPY is the strongest and the AUD is the weakest.

Share This
Tags


USD is attacting flows too

The JPY and the USD are both attracting flows as there are a lot of global concerns, stocks are weak and yields are lower.

The AUD and the EUR are the weakest.  The AUDUSD broke to the lowest levels since January 2017 and the EUR is under pressure from concerns about Turkey and impact on financials in Europe. 

The ranges are elevated today as a result of the volatility.  There are a number of major and cross pairs above their 22 day average ranges (about a month of trading).  The EURUSD, GBPUSD are trading near their session lows.  


US yields are lower today. The CPI did not scare on inflation as it came in near expectations. There is also a flight into safety bid as well. 

US stocks are lower and trading near session lows:

  • S&P down -0.62% at 2835
  • Nasdaq down -0.65% at 7840
  • Dow down -0.83% at 25297

In other markets a snapshot shows:

  • Spot gold up $2.55 at $1215.  Although gold is up, it is not the safe haven home like it used to be (or so it seems)
  • WTI crude oil is up $0.65 at $67.48.

ForexLive



Source link

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

/