Quiet start as the final day of the week gets going

Technical Analysis

Yesteday, the NZD, CAD and AUD were the strongest of the major currencies as “risk on” flows dominated with the giddy stock markets. The USD and the CHF were the weakest as the flow of funds exited the “safe-havens”.

Today, so far, the price action is very limited.

Looking at the changes of the major currencies vs the USD:

  • EUR, -0.04%
  • JPY, +0.02%
  • GBP, -0.08%
  • CHF, -0.02%
  • CAD, +0.07%
  • AUD, -0.08%
  • NZD, -0.05%

Looking at the US yield curve:

  • 2 year yield 4.996%.
  • 5 year yield 4.641%
  • 10 year yield 4.663%
  • 30 year yield 4.800%

At this time yesterday the

  • 2 year yield was at 4.924%
  • 5 year yield was at 4.620%
  • 10 year yield was at 4.706%
  • 30 year yield was at 4.906%

Looking at other markets:

  • Crude oil is trading at $82.58. It reached a low for the week yesterday at $80.22
  • Gold is trading at $1984.38. It’s low price for the week was on Wednesday at $1969.81
  • Bitcoin is trading at $34,865 after reaching a high this week at $35,968

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