Markets

The strongest and weakest currencies as NA traders enter for the day

March 30, 2016. The NZD is the strongest. The USD is weakest.

The USD maintained its position as the weakest of the major currency pairs for the 2nd straight day. The fall out from the Yellen speech yesterday continued in trading today. The NZD remained the strongest currency. The NZDUSD moved above the highest level in 9+months (going back to June 18, 2015).

The ranges for the day are the light side with the exception of the NZDUSD. The EURUSD has a 53 pip trading range. German month on month inflation rose by 0.8% vs 0.6% which is welcome news for the EURUSD. The EURUSD is pushing against resistance at trend line and the high going back to March 17 (check out the video on the EURUSD by CLICKING HERE ).

ADP employment will be out at 8:15 AM ET with the expectations for 195K vs 214K for the private sector job gain estimate. Feds' Evans is expected to speak at 8:30 AM ET. The weekly oil inventories will be released. Last week Crude oil inventories surged/gasoline inventories declined (seeing the impact at the pump of late too as prices have risen).

European stocks are up >1.5%. In the US the S&P futures are up 11 points. Nasdaq futures are up 31 points. Crude oil is trading at $38.78, up +1.31%. US debt yields are unchanged for 2 years, and up about 2 basis points in 10 and 30 year sector.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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