The calendar is light today and the low headline risk will give the market a chance to sway and consolidate. Lots of eyes on 1.3600 in EUR/USD and the weakening pound.
At noon ET (1600 GMT) the April French jobseekers report is out and an hour later the US Treasury sells 5-year notes.
The Treasury market remains in focus with 10-year yields back down below 2.50%, falling 2 basis points today. The divergence between bonds and stocks is one of the unsolved mysteries in markets but I don’t expect answers today.
