Stocks are higher, yields are lower and the USD is lower. How about the technicals?

The major US indices are higher (Dow up 140 points, S&P up 20 points, and NASDAQ index up 62 points), yields are lower with the two-year down -2.6 basis points and the 10 year down -2.7 basis points, and the US dollar is lower.

In this kickstart video for the North American session, I take a technical look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – and outline the bias, the risks (where the bias shifts) and the targets (where you are going). All traders need to know those three things to create a roadmap for their trading.

All 3 of those currency pairs are stretching to new extremes for the day. Be aware. Be prepared.

There is some economic data that will be released today in the US:

At 8:15 AM ET, the November monthly ADP national employment report is expected to come in at 10K versus 42K last month.
At 8:30 AM ET September import and export prices will be released with both expected to rise by 0.1%.
At 9:15 AM ET, September industrial production for September is expected at 0.0% with Manufacturing output at 0.1% with capacity utilization at 77.3 versus 75.8 last month.
At 9:45 AM ET, the S&P Global composite index for November will be released. Last month he came in at 54.8. The services PMI will also be released after coming in at 55.0 last month.
At 10 AM ET, the ISM non-manufacturing index for November is expected to fall to 52.1 from 52.4 last month

The weekly EIA inventory data will be released at 10:30 AM: