{"id":1496,"date":"2021-07-02T10:16:21","date_gmt":"2021-07-02T13:16:21","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1496"},"modified":"2021-07-02T10:16:23","modified_gmt":"2021-07-02T13:16:23","slug":"the-cad-is-the-strongest-and-the-eur-is-the-weakest-as-the-na-session-begins","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/07\/02\/the-cad-is-the-strongest-and-the-eur-is-the-weakest-as-the-na-session-begins\/","title":{"rendered":"The CAD is the strongest and the EUR is the weakest as the NA session begins"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The USD is mixed ahead of the key US employment report.&nbsp;<\/h2>\n\n\n\n<p>As the North American session begins, the CAD is the strongest, and the EUR is the weakest. The USD is mixed ahead of the US jobs report (for a preview see Justin&#8217;s\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.forexlive.com\/news\/!\/what-to-look-out-for-in-the-us-jobs-report-later-today-20210702\" target=\"_blank\">preview HERE<\/a>). The greenback is higher vs the EUR, GBP, and NZD and down vs the JPY and CAD and unchanged vs CHF and AUD<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210702\/2021-07-02_4-48-45.jpg\" alt=\"The USD is mixed ahead of the key US employment report.\u00a0\"\/><\/figure>\n\n\n\n<p>Below are the changes in the value of the USD vs the majors to start the NY session.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210702\/2021-07-02_4-49-06.jpg\" alt=\"The US dollar is mixed\"\/><\/figure>\n\n\n\n<p>Looking at the volatility going into the North American session, there are 4 of 7 that have ranges less than 50% of the norm over the last 22 trading days including the GBP with only a 39 pip trading range (vs 93 pips, 42% of what is normal). The NZDUSD and AUDUSD are even more tame with ranges that are only 33% adn 36% respectively of the average range over the last 22 days. There is room to roam<\/p>\n\n\n\n<p>In other markets at the start of the session:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Spot gold is trading up $8.37 or 0.48% at 1784.60<\/li><li>Spot silver is&nbsp;trading up $0.15 or 0.58% at $26.15<\/li><li>WTI crude oil futures are&nbsp;down $-0.37 1-0.49% at $74.64<\/li><li>Bitcoin is trading down $557 or -1.66% at $33,006.31<\/li><\/ul>\n\n\n\n<p>in the premarket for US stocks, the major indices are mixed:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Dow is&nbsp;trading above and below unchanged for the day<\/li><li>S&amp;P index is up 5.3 points. It is closed higher and at record levels for six consecutive days<\/li><li>NASDAQ index is up 52 points and leading the US indices in premarket trading<\/li><\/ul>\n\n\n\n<p>in the European markets:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>German DAX is up 0.36%<\/li><li>France&#8217;s CAC is unchanged<\/li><li>UK&#8217;s FTSE 100 +0.14%<\/li><li>Spain&#8217;s Ibex is down -0.20%<\/li><li>Italy&#8217;s FTSE MIB is up 0.17%<\/li><\/ul>\n\n\n\n<p>In the US debt market, the yields are\u00a0mostly lower with a flatter yield curve. The two \u2013 10 year spread is down to 118.5 versus 112.3 at the close yesterday:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210702\/snag_5cc73da0.png\" alt=\"US yields\"\/><\/figure>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/the-cad-is-the-strongest-and-the-eur-is-the-weakest-as-the-na-session-begins-20210702\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/the-cad-is-the-strongest-and-the-eur-is-the-weakest-as-the-na-session-begins-20210702\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/the-cad-is-the-strongest-and-the-eur-is-the-weakest-as-the-na-session-begins-20210702<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD is mixed ahead of the key US employment report.&nbsp; As the North American session begins, the CAD is the strongest, and the EUR is the weakest. The USD is mixed ahead of the US jobs report (for a preview see Justin&#8217;s\u00a0preview HERE). The greenback is higher vs the EUR, GBP, and NZD and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":946,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1496","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1496"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1496\/revisions"}],"predecessor-version":[{"id":1497,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1496\/revisions\/1497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/946"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}