The US dollar is mixed and little changed to start the new trading day.
USDJPY is the largest mover, rising just 0.13%
The dollar is weaker against the AUD and NZD, but stronger against the EUR, JPY, GBP, CHF and CAD. The trading ranges are narrow across the major currency pairs: EURUSD: 22 pips USDJPY: 42 pips GBPUSD: 26 pips USDCHF: 22 pips USDCAD: 26 pips AUDUSD: 26 pips NZDUSD: 20 pips The subdued price action leaves room for range extensions as North American traders enter for the day. keep that dynamic in mind for your trading. There is “room to roam”.
In today’s Kickstart video, I outline the technical bias, risks and targets for the three major currency pairs—EURUSD, USDJPY and GBPUSD. Those are three things every trader should understand before taking a position. US stock futures are pointing toward a higher opening: Dow industrial average futures: +236 points S&P index futures: +24.39 points Nasdaq 100 futures: +253 points In other news, crude oil is sharply lower as markets reduce the immediate risk of a military escalation involving Iran.