The US dollar is mixed and little changed to start the new trading day. USDJPY is the largest mover, rising just 0.13%. The dollar is weaker against the AUD and NZD, but stronger against the EUR, JPY, GBP, CHF and CAD.The trading ranges are narrow across the major currency pairs:EURUSD: 22 pipsUSDJPY: 42 pipsGBPUSD: 26 pipsUSDCHF: 22 pipsUSDCAD: 26 pipsAUDUSD: 26 pipsNZDUSD: 20 pipsThe subdued price action leaves room for range extensions as North American traders enter for the day. keep that dynamic in mind for your trading. There is "room to roam". In today’s Kickstart video, I outline the technical bias, risks and targets for the three major currency pairs—EURUSD, USDJPY and GBPUSD. Those are three things every trader should understand before taking a position.US stock futures are pointing toward a higher opening:Dow industrial average futures: +236 pointsS&P index futures: +24.39 pointsNasdaq 100 futures: +253 pointsIn other news, crude oil is sharply lower as markets reduce the immediate risk of a military escalation involving Iran. Reports of constructive diplomatic discussions between Pakistan and Iran, combined with a market view that new US sanctions pose less of an immediate threat to oil supplies, are helping remove some of the geopolitical risk premium. The decline in oil is also pulling Treasury yields lower by easing inflation concerns. Meanwhile, the bond market continues to debate the Treasury’s decision to double its long-duration bond buybacksLookig at the yield curve the snapshot shows:2-year: 4.2166%, down 1.9 basis points5-year: 4.3726%, down 3.5 basis points10-year: 4.6644%, down 4.0 basis points30-year: 5.1952%, down 3.6 basis pointsICude oil is under significant pressure, falling $2.86, or 3.37%, to $82.13. Gold is down $8.06 at $4,642.38, while silver is lower by 1.17% at $68.13. Bitcoin is little changed at $79,127.European stock indices are trading higher:German DAX: +0.80%France’s CAC: +0.33%UK FTSE 100: +0.18%Spain’s Ibex: +0.02%Italy’s FTSE MIB: +0.48%The US economic calendar includes:8:30 AM ET: Richmond Fed President Tom Barkin speaks9:00 AM ET: FHFA House Price Index, expected +0.2% versus +0.3% previously9:00 AM ET: S&P/Case-Shiller 20-city HPI, expected +1.8% year-over-year versus +1.6%10:00 AM ET: Consumer confidence, expected at 90.3 versus 90.810:00 AM ET: New home sales, expected at 620,000 versus 628,00010:00 AM ET: Richmond Fed manufacturing index, expected at 6 versus 54:00 PM ET: Richmond Fed President Tom Barkin speaks again This article was written by Greg Michalowski at investinglive.com.