January 29, 2025 07:30 GMT
USD: Focus is on the Equity Cash Open
USD
- A steady session for the Dollar overnight, similar to what has been witnessed in Govies, looking at multi Assets.
- The Early story is squarely on the Equity spike overnight, this has been led by the Tech sector and the Dutch ASML recording a beat in early.
- Looking at the Dollar against G10s, it is mixed, the Pound is up 0.24% and at the other end of the spectrum, the Aussie is down 0.16%.
- Equities are always a potential driver for the Dollar, and besides the Tech sector, Luxury Goods will also be watched on the open, since LVHM's earnings disappointed last night.
- In Terms of Dollar Technical, most pair/crosses still trade within ranges, the most traded EURUSD pair trades in a very tight 18 pips range, although it is testing session low now.
129 words