The U.S. dollar is starting the session modestly lower overall, although the moves remain relatively contained.
The dollar is lower versus the euro, with EURUSD pair up 0.1% (lower USD), and slightly lower against the British pound, with GBPUSD up 0.01%
Against the Japanese yen, the dollar is also lower, with USDJPY pair down about 0.08%. In the Kickstart video, I take a technical look at EURUSD, USDJPY and GBPUSD, focusing on the three things every trader needs to know before putting on a trade: the bias, the risk and the targets. Where do the buyers have control?
Where do the sellers have control? What levels would shift that bias, and where are the targets if momentum starts to build? In the U.S. debt market, Treasury yields are lower across the curve and supportive of the greenbacks decline but ahead of today’s data: 2-year: 4.180%, -1.9 bps 5-year: 4.353%, -2.2 bps 10-year: 4.674%, -1.8 bps 30-year: 5.239%, -0.8 bp The curve remains upward sloping from the 2-year through the 30-year, while today’s decline in yields is somewhat larger at the front and middle of the curve.