August 22, 2016. The GBP is the strongest. The CAD is the weakest.

The snapshot of the % changes of the major currencies vs each other shows that the GBP has eked out gains against each of the majors in trading today. It has been a down and up session so far with early weakness in the Asian Pacific session giving way to buyers as London traders returned to their desks. For the GBPUSD, the pair has stalled near the 100 and 200 bar MA On the 4-hour chart at the 1.3090-1.1313 are. The price is currently stuck between those extremes. The weakest currency is the CAD. Oil prices are down 2.6% which is keeping the CAD under pressure.

The ranges for the day are below the 22-day averages (Monday in the summer). There was no economic news today and apart from Canada Wholesale sales at 8:30 AM ET/1230GMT, nothing on the calendar for the rest of the day. Over the weekend BOJ Kuroda and Fed's Fischer gave the USDJPY a boost but dome of those gains have eroded.

The European stock markets are in the red today. The indications from the US futures are for a weaker opening with the S&P futures down about 4.25 points. Gold is a 2 week lows down about 0.45% on the day. European 10 year bond yields are lower (1-4 basis points). IN the US, the 10 year yield is down about 1 basis point to 1.596%. Jackson Hole and Chair Yellens speech is the focus this week, but it won't take place until Friday. When is Labor Day and the end of summer? It is coming. It is coming.