The USD is kickstarting the North American session with a move to the upside. The menu of instruments are showing the USD higher, stocks lower, oil prices higher, and yields higher.
The futures are implying Dow -170 points, the S&P down -25 points and the Nasdaq down -145 points (it tumbled -521 points yesterday).
Looking at the treasury curve, the 2 year yield is up 1.4 basis points to 3.998%, the 10 year is ticking toward 4.50% with the yield currently up 4.6 basis points at 4.461%.
Oil prices are trading at up near 2.5% and above $96.
The video above takes a look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective. What are the bias (bullish or bearish), the risks (in the short term that would disappoint the bias direction) and the targets on where the next technical levels need to be broken. Traders need the roadmap to navigate the fundamental headlines.
