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Paring overnight gains

USD
  • The Dollar was underpinned overnight, going into the European session, after Equities in Europe gaped lower, although Estoxx (VGH4) is just 1 point short of closing it, up to 4654.
  • This is a big week for Earnings and Tech, Microsoft, Alphabet, Meta, Amazon and Apple are all due to report.
  • The Dollar is now mostly in the red going into the European session, JPY was the overnight leader, on the back of lower US Yields, but AUD and the Kiwi are now the best performers, up 0.32% and 0.31% respectively.
  • Gold also tests its intraday high, as the Dollar falls in the red against G10.
  • Closest Tech is in the AUDUSD, with next resistance at 0.6627 50-day EMA .
  • New Intraday lows for the Dollar against the PLN, CAD, MXN, CHF, SGD. AUD, SEK, JPY, THB on the European Govie open.

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