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It's all about the GBP today

FOREX-GBP-on-top
Ups and downs in other pairs but most near unchanged levels

The snapshot of the gainers and losers in the currency market is a unique one today. The biggest movers all have a GBP attached to their currency pair name.  

The pounds fall came from comments that EUs Barnier said that a Brexit transition wasn't a given if disagreements persisted.   After a day where the BOE signaled that a tightening was closer than most thought, the GBPUSD has moved from a high near the 200 hour MA at 1.4070, to a low near the 200 bar MA on the 4-hour chart at 1.3800.  The pounds decline was mirrored in the other GBP pairs.The snapshot of the ranges shows a similar story.  The spikes in the ranges are in the pairs marked with a GBP. The other pairs not only have low trading ranges relative to their 22 day average range (about a month of trading) but are also near the unchanged line for the day.  

A snapshot of the other markets today is showing:

Spot gold down $1.80 or -0.14% at $1317.20WTI crude oil futures continue its fall down $.81 or -1.32% at $60.34.  The low today reached $60.15. The high so far has extended to $60.77US yields are little changed: two-year 2.106%, unchanged. Five-year 2.538%, unchanged.  10 year 2.824%, unchanged.  Thirty-year 3.131%, unchangedThe Dow futures are implying an opening of 71 points.  Nasdaq futures are implying an opening of +31 points and the S&P is implying an opening of 12 points. Yesterday, all three closed below their 100 day MAs for the first times since November 2016. S&P 100 day MA is at 2638.  Nasdaq 100 day MA is at 6856 area.  Dow 100 day MA is at 24080.European indices are lower: German Dax is down -1.46%. France's Cac is down -1.4%. Spain's Ibex is down -1.4%. UK FTSE is down -0.87%.  Italy's FTSE MIB is down -1.3%

Canada employment at the bottom of the hour, with net change in employment at +10.0K vs an oversized 64.8K. The unemployment rate is expected to stay at 5.8%. The USDCAD is sitting right around its 100 day MA at 1.2612 (trades at 1.2617), and is waiting for the bullish or bearish push from the numbers. 

Source:forexlive.com

Ups and downs in other pairs but most near unchanged levels

The snapshot of the gainers and losers in the currency market is a unique one today. The biggest movers all have a GBP attached to their currency pair name.  

The pounds fall came from comments that EUs Barnier said that a Brexit transition wasn't a given if disagreements persisted.   After a day where the BOE signaled that a tightening was closer than most thought, the GBPUSD has moved from a high near the 200 hour MA at 1.4070, to a low near the 200 bar MA on the 4-hour chart at 1.3800.  The pounds decline was mirrored in the other GBP pairs.The snapshot of the ranges shows a similar story.  The spikes in the ranges are in the pairs marked with a GBP. The other pairs not only have low trading ranges relative to their 22 day average range (about a month of trading) but are also near the unchanged line for the day.  

A snapshot of the other markets today is showing:

Spot gold down $1.80 or -0.14% at $1317.20WTI crude oil futures continue its fall down $.81 or -1.32% at $60.34.  The low today reached $60.15. The high so far has extended to $60.77US yields are little changed: two-year 2.106%, unchanged. Five-year 2.538%, unchanged.  10 year 2.824%, unchanged.  Thirty-year 3.131%, unchangedThe Dow futures are implying an opening of 71 points.  Nasdaq futures are implying an opening of +31 points and the S&P is implying an opening of 12 points. Yesterday, all three closed below their 100 day MAs for the first times since November 2016. S&P 100 day MA is at 2638.  Nasdaq 100 day MA is at 6856 area.  Dow 100 day MA is at 24080.European indices are lower: German Dax is down -1.46%. France's Cac is down -1.4%. Spain's Ibex is down -1.4%. UK FTSE is down -0.87%.  Italy's FTSE MIB is down -1.3%

Canada employment at the bottom of the hour, with net change in employment at +10.0K vs an oversized 64.8K. The unemployment rate is expected to stay at 5.8%. The USDCAD is sitting right around its 100 day MA at 1.2612 (trades at 1.2617), and is waiting for the bullish or bearish push from the numbers. 

Source:forexlive.com

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