A light one on the data front today
So, there’s that to consider when trying to piece things together moving forward.
EUR/USD is trading back under its 100-day moving average of 1.2051, seen at 1.2038 currently near the lows for the day. USD/JPY is keeping higher at 109.20-30 after having seen price rejected by the 61.8 retracement level of its April downswing @ 109.63.
Meanwhile, USD/CAD is holding back closer to 1.2300 while AUD/USD is slipping back under its key hourly moving averages of 0.7756-57 to 0.7740 at the moment.
US futures are pointing a little lower after a bit of a rotation play out of tech yesterday. S&P 500 futures are down 0.3%, Nasdaq futures down 0.4%, Dow futures down 0.1%.
Elsewhere, US Treasury yields are keeping more tepid after having retreated back under 1.60% in the overnight session.
Economic data releases will not offer much once again today as the technicals, risk flows, and bond market sentiment are still the key factors at play for now.
0830 GMT – UK April final manufacturing PMI
0830 GMT – UK March mortgage approvals, credit data
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.