Risk gets a warning shot as the session gets underway

Author: Justin Low | Category: News

S&P 500 futures erase gains and falls into negative territory

E-minis 09-09
As mentioned earlier, the risk mood remains rather fragile at the moment and we are seeing signs of caution continuing to play out as European trading begins.

US futures just took a bit of a knock, with S&P 500 futures erasing its ~0.5% gains earlier to fall by ~0.2% currently as Nasdaq futures are also paring most of its earlier gains.

USD/JPY is also nudged to a session low of 105.80 with the greenback also keeping a little firmer across the board still to start the session.

Elsewhere, the pound continues to be pressured on a break under 1.30 with arguably little support seen for cable until its 50.0 retracement level @ 1.2867 next.
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