Major currencies have a slight risk-on feel to start the day
Meanwhile, the likes of the kiwi and aussie are also advancing on the more positive risk mood. US equity futures are also trading higher, with E-minis up nearly 0.6%, and US 10-year Treasury yields are also holding higher by 1.4 bps to 2.415%.
It’s still largely about risk sentiment in markets right now and as we look to begin the session, so just be wary of changes in the risk mood and further potential headlines when Trump begins tweeting later today.
Otherwise, let’s see how well markets can recover and repeat the recurring theme seen last year; that is to fade pessimism on trade headlines time and time again.