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Wave of Risk-On Prompts Daily Highs For Stock Futures

CROSS ASSET

Risk-on bid becoming increasingly evident across assets in recent trade, with equities well bid and hitting the day's highs to challenge 3920.50 in the e-mini S&P, a break through which would open the all time highs of 3928.50.

USD similarly coming under selling pressure, prompting EUR/USD to flip back into positive territory and take the lid off commodities prices - spot gold chewing through the day's losses to hit daily highs of $1830.77. MNI Tech flags resistance at the 50-day EMA of $1856.2

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