Headlines:
Markets:
- CHF leads, AUD lags on the day
- European equities lower; S&P 500 futures down 0.4%
- US 10-year yields up 4.3 bps to 4.128%
- Gold up 0.6% to $2,736.00
- WTI crude up 2.3% to $70.81
- Bitcoin down 0.1% to $68,325
It was a quiet session but there were some decent moves in broader markets.
Of note, equities trended lower after a more pensive start and alongside higher yields, it pushed the dollar a little higher during the session.
EUR/USD moved down from 1.0860 to 1.0845 while USD/JPY notably gained from a low of 149.10 in Asia to clip the 150.00 mark briefly. As equities are slightly softer, the antipodeans are lagging with AUD/USD falling back below its 100-day moving average – down 0.3% to 0.6685.
US futures gradually nudged lower during the session, with little catalysts in general. The same goes for European indices and this is pretty much weighing on broader sentiment. Tech shares are leading declines with S&P 500 futures down 0.4% and Nasdaq futures down 0.6%.
The overall market mood is more mixed though with bonds being offered. Higher Treasury yields is helping to underpin USD/JPY as such.
In the commodities space, gold continues to shine ever so brightly in a push to fresh record highs again near $2,736. Up, up, and away we go.
Looking to US trading, there won’t be much catalysts on the agenda so traders will continue to be left to their own devices to start the week.