The US Dollar saved the day by regaining some of its strength, especially against the European block, allowing the DXY to move gently away from a key area of support circa 95.70 as the chart below shows. The residual bouts of risk appetite on the back of Fed’s Powell dovish tilt last Friday are still feeding through, with the S&P 500, as the bellwether of the overall US equity complex, extending its technical correction, while the US fixed income market found another leg down, with the 10yr bond yield creeping up to 2.73. Under lingering risk-on conditions, which were further supported by Trump’s tweet that trade ... (full story)