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CROSS ASSET: A full reversal in the Dollar, US Equities are pushing lower

CROSS ASSET
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  • It's a full reversal for the Dollar, after trading mostly in the red Overnight and into the Cash Govie open, the Dollar is now in the green against all G10, even the Pound is now back to flat on the day, after rallying in early trade following the Retail sales beat.
  • Treasuries are fairly steady, and yields on the margin are actually a touch lower, so more of outright Currency move.
  • The Dollar test session highs now against the ZAR, CZK, ILS, KRW, while DXY edges at the top of the range.
    European Equities are starting to drag US indices lower, offers are emerging on the other side of the Pond.
  • Recall that there's $2.7T worth of Option Expiries in the SPX alone for today.
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  • It's a full reversal for the Dollar, after trading mostly in the red Overnight and into the Cash Govie open, the Dollar is now in the green against all G10, even the Pound is now back to flat on the day, after rallying in early trade following the Retail sales beat.
  • Treasuries are fairly steady, and yields on the margin are actually a touch lower, so more of outright Currency move.
  • The Dollar test session highs now against the ZAR, CZK, ILS, KRW, while DXY edges at the top of the range.
    European Equities are starting to drag US indices lower, offers are emerging on the other side of the Pond.
  • Recall that there's $2.7T worth of Option Expiries in the SPX alone for today.