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USD Fades a Touch as Equities Re-Approach Alltime Highs

CROSS ASSET
  • Greenback fading further in recent trade, helping aid EUR/USD and GBP/USD back toward the day's best levels. Move coincides with a show above yesterday's highs for the e-mini S&P.
  • The move in equities sees the only real volumes of the day go through in ESH4, which sees ~10k contracts trade over the past 15 minutes or so. This marks fresh multi-year highs for the generic contract, and we're now within striking distance of the alltime high posted back on January 4th 2022 at 4808.25.
  • US housing data crosses an hour ahead of the cash equity open, with speeches from Fed's Barkin, Bostic and Goolsbee then taking focus.

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