The NZD is the strongest and the USD is the weakest as the NA session begins

The NZD is the strongest and the USD is the weakest as the NA session begins. The US CPI data will be released at 8:30 AM ET. Adam posted a preview . The headline is expected to rise by 0.2% and the YoY is expected to increase to 3.2% or as Adam points out 3.3%. The rise is due to a 0.1% dropping off from 12 months ago.

What is ahead is the next two month MoM gains from a year ago are at 0.5% and 0.4%. Those figures will be replaced by new numbers which if 0.1% to 0.2% will see a decline in the index by 0.5% to 0.7%. It still is not 2.0% but the trend is more toward that target. Also shelter costs are STILL expected to move lower.

That is a wild card to monthly data. Yesterday Fed's Williams spoke. Some of his comments suggested a slowing of the hype to lower rates: Bitcoin is trading highe after SEC approval of the first exchange traded ETF that tracks the spot price. Eleven Bitcoin ETFs will begin trading for the first time when the stock market opens at 9:30 AM ET.

Stocks are higher in premarket trading with the Nasdaq leading the way for the 4th consecutive day. this week. The Dow is trading above and below unchanged in pre market trading. Yields are lower. Oil is higher as tensions in the Red Sea continue to be a problem for shippers. In contrast, the showed surprise builds in Oil, gas and distillates as demand moves lower.

A snapshot of the markets as the North American session begins currently shows: In the premarket for US stocks, the major indices are trading next after trading mixed on Tuesday In the European equity markets, the major indices are all trading lower: Shares in the Asian Pacific markets were mostly lower with Japan's Nikkei leading the way.

The made a new 34 year high. Looking at the US debt market, yields are trading lower after an up and down session in yields yesterday: In the European debt market, the benchmark 10 year yields are lower:.