-
The Euro Continues to Stuggle to Sustain Even Modest Upticks, but Specs Still Long in the Futures
The US dollar begins the new week on a firm note ahead of the mid-week conclusion of the FOMC meeting. Many centers are closed for the May Day holiday, making for thinner market conditions. Equities are mostly lower in the markets that traded today. This includes Japan, South Korea, Australia, and India in the Asia Pacific. In Europe, the Stoxx 600, led by a decline in information technology, industrials, and consumer discretionary secotrs, is snapping a three-day advance. US futures are around 0.5% firmer. The 10-year yield is around 2.94%, while European benchmark yields are mostly a little softer except for ... (full story)