Solid gains once again to start the session
- Eurostoxx + 0.9%
- Germany DAX + 1.0%
- France CAC 40 + 1.0%
- UK FTSE + 0.9%
- Spain IBEX + 1.0%
The positive mood for risk is not yet relentless so far and still maintains pressure from the dollar and the yen. There’s not much in terms of data release to change the narrative, so let’s see if there will be any major surprises that could make a difference.
If not, just look to the key technical levels as there may be room for a correction after the dollar has continued to fall since trading last week. The AUD / USD notably declined slightly after approaching a test of its 0.7000 earlier in the day.