As the North American session begins, the dollar continues its upward momentum. The US 10-year yield climbed to 4.721%, up 3.7%, nearing daily highs. The rise helped reverse earlier pre-market gains in US stocks. The S&P 500 is now down roughly 21 points, while the NASDAQ is down nearly 100 points in choppy trading. Last week, both indexes saw significant declines despite a late-week recovery. Namely, the stock market will be closed tomorrow to mark the national day of mourning for former President Carter.

In the foreign exchange market, the dollar is strengthening in all segments, with the biggest gain compared to the GBP, which rose by over 1.05%. The dollar is also significantly higher against the NZD (+0.69%) and the AUD (+0.56%).

In the Kickstart video I provide technical analysis of three major currency pairs: EUR/USD, USD/JPY and GBP/USD.

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