March 29, 2017. The JPY is the strongest. The EUR is the weakest.
On Brexit Article 50 day, the JPY is the strongest while the EUR is the weakest. The GBP on this historic day is highest against the EUR (ironically), CHF and USD, lower against the JPY, CAD, AUD and NZD. The USD is also mixed in early trading with the greenback higher against the EUR and CHF and lower against the rest of the majors (although little changed ag. the GBP, CAD and NZD).
Expect to hear lots of chatter about Brexit talks today. Everyone will want to get their thoughts in. On the economic calendar Fed's Evans will speak at 9:20 AM ET/1320 GMT. At 10 AM ET/1400 GMT US Pending home sales will be released with est of 2.5% vs -2.8% last. Crud oil inventories will be released at 10:30 AM ET.
Looking at the snapshot of the changes and ranges. The EURUSD has been mostly lower today. After a modest Asian bounce, the pair has stepped lower and trades near the lows for the day. Unlike yesterday, the range is oiverthe 22 day average trading range (it was at a tiny 27 pips for most of the NY morning session before breaking lower yesterday) The GBPUSD has also reached its average trading range.
A snapshot of other markets shows:
- Spot gold is trading unchanged at 1251.66
- WTI Crude oil is +$0.20 to $48.57
- US debt yields are lower with the 2 year down 1.5 bp, 5 year down 1.2 bp, and 10 year down 1.6 bp to 2.40%.
- In Europe, stocks are mixed with the UK FTSE -0.36%, the German Dax is up +0.41%. The France CAC is up +0.09%, and the Spanish Ibex is down -0.52%
