The S&P is seeing some profit-taking in early trade after a strong rally in recent sessions. Likewise, commodities are dipping and US yields are lower as well. 10-year notes are about 5 bp lower on the session at 3.07% at the moment.
EUR/USD remains in consolidation mode despite losing its tailwind, trading just above 1.2700. Stops remain int he 1.2670/80 window. I like the idea of buying ahead of 1.2660 with a tight stop 1.2610 area…
