Forex Trading

US equity markets opened flat and have basically gone nowhere as volume is again light in the early going. The energy complex is moving higher with the OSX up 1.3%. XOM is helping the Dow by trading up close to 1%. Crude futures have found some footing around $62 after yesterday’s sharp decline. Natural Gas futures are up more than 3.5% to $7.82. Several of the online brokers are ticking higher after pre-market initiations at BMO. ETFC +2.2% EXPS +2.9% AMTD +0.8% Citigroup has added 1% as speculation continues to swirl regarding the upcoming restructuring plan. Shares of AMAT are up close to 3% after being raised at BofA. US yields are moderating from yesterday’s post jobs data highs.

Treasury futures are ticking near session highs with the long bond up 10 ticks and the 10-year future higher by 7 ticks. The 10-year yield has slipped to 4.71% while the 2-year has dipped below 4.70%. The Dollar is lower across the board as traders continue to focus on protectionist worries that have resurfaced following yesterday’s news that the US is filing 2 intellectual property/piracy cases against China with the WTO. The Aussie Dollar is holding at or near 10-year highs against the Greenback to trade at 0.8255. US Dollar Index is down 0.55% to 82.64. The EUR/JPY moved out to new all time highs above 160 after the BofJ left rates unchanged at 0.5%. June gold is up $6 to 682.80 and May copper consolidates near multi-month highs above $3.50. detail information, visit fxstreet