Risk keeps more cautious on the session so far

Author: Justin Low | Category: News

European equities a touch lower alongside US futures

Major indices across Europe are mildly lower, with the DAX down 0.1% though UK stocks are leading the downside push with the UK FTSE down 0.8% amid virus concerns.

Meanwhile, US futures are also down by around 0.3% to 0.5% on the session and are just hovering near the lows but not really extending into any heavy risk aversion.

In the currencies space, the dollar is a touch higher but slightly off its earlier highs as we continue to see near-term technical levels hold up.

EUR/USD bounced off support near 1.1200 with the near-term trendline support helping to limit losses thus far, while AUD/USD is still holding at support around 0.6845-50 for now.

USD/JPY is also limited to the upside with the 100-day moving average lurking nearby at 107.91, while cable is at 1.2270 levels - not pushing the lows yesterday near 1.2250.
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