• EUR leads, JPY lags on the day
  • European equities lower; S&P 500 futures flat
  • US 10-year yields down 3.1 bps to 3.767%
  • Gold up 0.2% to $1,781.63
  • WTI crude down 0.1% to $86.16
  • Bitcoin down 1.5% to $16,626

Markets were still feeling a little uneasy amid the geopolitical storm yesterday but were comforted in the handover from Asia to Europe, as US officials said initial findings suggest that the Poland blast was not a result of a missile fired by Russia.

That saw some light optimism creep in early on and the dollar turned lower as a result. Equities did struggle to hang on to gains though but the greenback remains slightly on the backfoot on the session, with bonds also catching a slight bid as we gear towards the US retail sales data release later.

EUR/USD was pensive around 1.0350 before picking up to 1.0438 and is just below that, after running into a test of its 200-day moving average at 1.0422. GBP/USD raced higher for a brief moment to 1.1900 after UK inflation hits its highest in over 40 years, before falling to 1.1840 and then now nearing 1.1900 again as the dollar weakens.

USD/JPY remains little changed on the day, hovering between 139.40-70 during the session. Meanwhile, AUD/USD crept higher from 0.6740 to 0.6790 before gains are seen easing back to 0.6760-70 levels again as equities look more tentative now.

S&P 500 futures turned around a 0.3% dip to be up around 0.4% but is now trading flattish with US retail sales in focus. It's all about the headlines this week, so get ready for another round later in North America trading.