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US futures are faring better to start the session, with Japanese stocks also helped by news of more fiscal stimulus to come from the government earlier here.
However, the inability for the S&P 500 to crack above key technical levels yesterday - despite a robust start - is sapping some of the confidence, at least in the currencies space.
The dollar is slightly firmer across the board, retracing some of its losses from overnight trading but nothing too impactful so far ahead of the European morning start.
Risk sentiment remains the key driver and the chart to watch remains the S&P 500 in my view. Meanwhile, headlines are still going to play a key role in dictating that as well.
It is pretty much gut check time for the market right now. Is this where buyers solidify their momentum or is this where the bears make their stand? Amid all of this, month-end flows are also going to make it a bit tricky.
Citi analysts are predicting dollar weakness this time around, so we'll see how that pans out.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
