Dollar holds more mixed so far on the day

News

European stocks are holding lower, with S&P 500 futures also seen down 6 points, or 0.15%, so far on the day. Meanwhile, 10-year Treasury yields are little changed and keeping close to 3.53% so that is not offering traders a whole lot to work with in the major currencies space.

The dollar is sitting more mixed with USD/JPY up 0.3% to 137.40 but off earlier highs of 137.85, though buyers are still in near-term control as outlined earlier here. Elsewhere, EUR/USD is up 0.3% to 1.0500 and running into a test of its 100-hour moving average (after a bounce near its 200-hour moving average):

Price action is somewhat stuck in between the key near-term levels and the same is said for GBP/USD, which is seen up 0.4% to 1.2180 levels. That said, cable is caught in a tussle in trying to stay above its 200-day moving average in the bigger picture:

This comes after a bit of a retreat after running into its August highs at 1.2276-93 and also its 50.0 Fib retracement level from the swing lower since last year, seen at 1.2303.

Elsewhere, USD/CAD is up another 0.2% to 1.3680 as oil prices are pressured further as noted earlier here. Amid a more tepid mood in the equities space, the antipodeans are mixed with AUD/USD down 0.2% to 0.6670-80 levels while NZD/USD is up 0.2% to 0.6332 currently.

AUD/USD in particular is getting sucked back in towards a test of its 100-day moving average (red line) as sellers continue to keep near-term control on a hold below its 100 and 200-hour moving averages at 0.6762 and 0.6741 respectively.

Articles You May Like

G20 says prospect of global economic soft landing has increased
Gold eyes second weekly gain on gradually easing US inflation
Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record
You would be hard-pressed to find a better four-month run in US stocks, ever
Block shares surge 16% after company announces surprise profit