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FOREX: Equity Sell-off Sees E-mini S&P Through Friday Low; Boosting USD

FOREX
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  • Currency futures volumes picking up nicely on the back of the extension higher in the dollar - particularly evident in GBP/USD, which sees some of the best volumes of the session so far to press GBP/USD to 1.2613 lows.
  • USD gains are pretty universal in recent trade, helped higher by the slippage in US stock futures and US yields after the cash equity open. The sell-off is extending at typing, showing through the Friday low of 6024.50, and narrowing the gap with 6014.00 and 6020.75 - both consequential levels.
  • Trump is set to be meeting his French counterpart across several sets of meetings today, culminating in a press conference alongside Macron at 1930GMT/1430ET - at which markets will look to gauge whether the French president has been successful in getting Trump to dial-down his approach to Moscow as part of the effort to end the war in Ukraine.
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  • Currency futures volumes picking up nicely on the back of the extension higher in the dollar - particularly evident in GBP/USD, which sees some of the best volumes of the session so far to press GBP/USD to 1.2613 lows.
  • USD gains are pretty universal in recent trade, helped higher by the slippage in US stock futures and US yields after the cash equity open. The sell-off is extending at typing, showing through the Friday low of 6024.50, and narrowing the gap with 6014.00 and 6020.75 - both consequential levels.
  • Trump is set to be meeting his French counterpart across several sets of meetings today, culminating in a press conference alongside Macron at 1930GMT/1430ET - at which markets will look to gauge whether the French president has been successful in getting Trump to dial-down his approach to Moscow as part of the effort to end the war in Ukraine.