The US dollar is little changed to start the new trading day/ week

The USD is little changed to start the new day/week. The dollar is also mixed vs the major currencies. A snapshot currently shows:

• EUR unchanged
• JPY +0.30%
• GBP -0.24%
• CHF +0.11%
• CAD unchanged
• AUD -0.17%
• NZD +0.07%

For the trading week last week,, the greenback was mixed with gains versus the EUR, JPY, CHF and losses vs the GBP, AUD and NZD. The USD was near unchanged vs the CAD. A snapshot of the week changes shows:

• EUR +0.26%
• GBP -0.16%
• JPY +1.12%
• CHF +1.44%
• CAD unchanged
• AUD -0.35%
• NZD -0.54%

In the video above, I take a look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective. Kickstart your by trading day, with an understanding of the risk defining levels, the targets for those currency pairs.

In other markets, US stocks are little changed to start the new trading week:

• Dow industrial average -18.5 points
• S&P index -5 points
• NASDAQ index -23.31 points

The major US stock indices closed the week with a four day win streak. Last Monday’s declines of over 2.5% were erased on Tuesday. The gains from Wednesday Thursday and Friday were icing on the cake.

• Dow industrial average rose 2.48%
• S&P index rose 4.59%
• NASDAQ index rose 6.73% this week

This week Microsoft, Amazon, Meta and Apple report earnings. Also, McDonald’s, Starbucks, Pfizer, Exxon Mobil, Coca-Cola, Chevron will all report as well. It’s a big week for earnings. PS Berkshire Hathaway will announce its earnings next Saturday

US yields are marginally higher to start the new trading week after point last week:

• 2- year yield 3.766%, +0.4 basis points. Last week the yield fell -4.4 basis points.
• 5-year yield 3.897%, +1.3 basis points.Last week the yield fell -6.7 basis points.
• 10 year yield 4.277%, +1.2 basis points. Last week, the yield fell -8.0 basis points
• 30 year yield 4.737%, unchanged. Last week the yield fell -9.0 basis points

In central bank talked today:

• ECB’s Villeroy said Europe still has room for rate cuts despite significant economic uncertainty. He sees no additional inflation pressures and does not expect a recession in France or Europe. He also criticized former President Trump’s protectionist policies as ineffective.

Treasury Secretary Bessent spoke on CNBC and said:

• Scott Bessent described the U.S.–China relationship as complicated but noted that recent Chinese exemptions show a desire for de-escalation on trade, suggesting a possible thaw. He highlighted that the U.S. has had substantial discussions with Japanese allies and that negotiations with Asian trading partners are progressing very well. Bessent also mentioned that 17 important trading partners have submitted “very good proposals” to avert U.S. tariffs. On Europe, he observed that Europeans are panicked about the strength of the euro. Reflecting on market reactions, he admitted surprise that markets rallied following his remarks at the JPMorgan conference, despite saying he had not introduced any new information—deflecting by suggesting it was the market’s misinterpretation. Overall, Bessent’s comments could be seen as laying the groundwork for President Trump to potentially ease tariffs on China.

In other markets:

• Crude oil is little changed at $63.02
• Gold is down $19 or -0.59% at $3299.12
• Silver is down four cents or -0.12% at $33.04
• Bitcoin is trading up $1555 at $95,324