US Market Open: Choppy but ultimately contained trade in somewhat limited newsflow
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Description
European bourses are somewhat mixed after a predominantly soft cash open, Euro Stoxx 50 -0.5%; though, the breadth of the market remains narrow.Stateside, futures are in relative proximity to the unchanged mark and are yet to meaningfully deviate from overnight ranges, ES -0.2%USD is mixed vs G10 peers, though the DXY itself, while negative on the session, remains underpinned around 105.50.Crude benchmarks are softer intraday given the...
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European bourses hold a positive bias whilst Stateside futures are subdued ahead of a busy docketDollar bid acting as a drag on G10 peers, Antipodeans lagBonds are lower in a continuation of post-Waller price actionCrude and XAU remains in the green despite the stronger Dollar as geopols remain...
Published 03/28/24
European bourses are mixed whilst Stateside futures are entirely in the greenDollar is flat, JPY higher after a BoJ/MoF/FSA meeting which only resulted in further jawboning from Top Currency Diplomat KandaBonds mixed though price action has been contained; Bunds rose incrementally on Spanish CPI,...
Published 03/27/24