investingLive.com is kickstarting today and above is the kickstart technical video that outlines the key technical levels in play with a focus on the EURUSD, USDJPY and GBPUSD.
The USD is lower vs the JPY after the Japan elections where Japan PM lost ts majority in the upper house of parliament, after already losing the lower house in October. Despite the increased uncertainty with tariff deadlines looming the JPY moved higher vs the major currencies. Go figure. Technically, the pair is breaking below the 200 hour MA which is more bearish to kickstart the US session. .
The EUR and GBP are also higher vs the greenback and they too are approaching/breaching its 200 hour MAs. Break above that MA (lower USD) increases the bullish bias and will have traders focuses on higher targets.
In the video above, I take a look at each of those currency pairs with focus on targets and risks for each.
Taking a quick look at other markets, US stock futures are projecting higher levels at the open:
Dow industrial average is up 97.81 pointS&P index is up 15.71 pointsNASDAQ index is up 57.28 pointsEuropean indices are lower with the German DAX down -0.14%, the France's CAC -0.44%, the UK FTSE 100 near unchanged and Italy's FTSE MIB -0.73%.
In the US debt market, yields are lower with the short and longer and leading the way (and helping the downside momentum in the US dollar)
2-year yield 3.850%, -2.5 basis points5-year yield 3.911%, -5.0 basis points10 year yield 4.373%, -5.7 basis points30 year yield 4.938%, month 6.0 basis points.Crude oil is trading down $0.11 or -0.17% $65.94.
Gold is trading up $33 or 0.99% at $3382.76.
In the crypto market, bitcoin is trading up $1264 at $118,603.
Remember, visit investingLive.com (formerly ForexLive.com) often for additional, original views on forex, stocks, bonds, crypto and more. .
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about the usd is lower to kickstart the us trading day and investinglive com was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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