As the NA Session Begins, the EUR is the strongest then CHF
In the North American Session
As the North American session begins, the EUR is the strongest and the CHF is the weakest. The USD is trending upward in the markets. Tomorrow, at 8:30 a.m. ET, the crucial US CPI report will be issued. This week, SF Fed President Mary Daly stated that it is all about CPI services less housing.
Today's oil inventory data will be closely watched by the markets. Late yesterday, private data was provided, revealing a massive 14M barrel spike, the greatest in two years. The EIA statistics will be available at 10:30 a.m. Despite the substantial increase in stockpiles, the price of crude oil has risen by roughly $0.59.
In other markets:
spot gold is near unchanged at $1876.50
spot silver is up $0.17 or 0.70% at $23.77
WTI crude oil is trading up $0.62 at $75.72
Bitcoin is trading at $17,422, which is down about $30 from the near 5 PM level yesterday
The NASDAQ index is up for the fourth straight day in the premarket for US stocks:
Dow Industrial Average is up 84 points after yesterday's 186.45-point rise
The S&P index is up 11 points after yesterday's 27.16-point rise
The NASDAQ index is up 31 points after yesterday's 108.98-point rise
In the European equity markets, the major issues also trading higher:
German DAX, +1.05%
France's CAC is up 0.97%
UK's FTSE 100 of 0.77%
Spain's Ibex is up 0.15%
Italy's FTSE MIB is up 0.54%
In the Asian-Pacific markets, the major indices were mixed:
Japan's Nikkei index +1.03%
Hang Seng index is up 0.49%
New Zealand's 50 Index -0.24%
Australia's S&P/ASX index +0.9%
Shanghai composite index -0.24%
In the US debt market, rates are trading lower after the 10-year yield rose by close to 10 basis points yesterday. At 1 p.m. ET today, the US Treasury will auction off tenure notes:
2 year 4.243%, -1.5 basis points
5 year 3.694% -3.8 basis points
10 year 3.574% -4.5 basis points
30-year 3.694% -610 basis points