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The strongest and weakest currencies as NA traders settle in for the day (?)

December 23, 2016. The JPY is the strongest. The AUD is the weakest.

As some people settle in their chairs for the final day before the start of the holiday weekend, the strongest currency is the JPY. while the AUD is the weakest.

The AUD seems to be the aggressor. The AUDUSD just took a tumble - falling off the wall that held support over the last few days. It may not have been a great fall, but relatively speaking it sure looks like one (we are making a newer low now).

No surprise the volatility is low. The JPY pairs are mostly trading at lower levels

New home sales will be released at 10 AM ET/1500 GMT with expectations of 575K vs 563K last month. The Univ. of Michigan final confidence numbers will also be released with 98.0 expected to be confirmed. That was the highest reading since January 2015. Lots of Trump enthusiasm in that report.

Don't expect much folks. The winds of change can whip the pairs around given an order or two.

In other markets:

  • S&P futures are down -2
  • Dow futures are down -16
  • Nasdaq futures are down -5.25 points
  • European stocks are mixed: Dax is down -0.20%, Cac is down -0.10%, UK FTSE is up 0.06%, Italy Mib is up 1.0%
  • 10 year yields are down. Germany -2 bp, France -2.5 bp, Italy -3.2 bp, UK -2.7 bp.
  • In the US, 2 year, -1 bp, 5 year -1 bp, 10 year -1.2 bp, 30 year -1.6 bp

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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