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The risk mood is keeping more positive so far, as stocks are gradually extending gains on the session. European indices are looking to bounce back strongly from Friday’s disappointment while US futures are pushing higher on the day.
But the more positive twist isn’t quite translating to much movement in the major currencies space, with little change observed across the board except for the pound.
Keep below that and the near-term bias stays more neutral but break above and the bias turns more bullish instead. Just be mindful that Brexit risks are still a key consideration for the pound in the sessions ahead so just be wary of that despite the technical picture.
Meanwhile, there isn’t much change across the board with AUD/USD settling around 0.7040-50 and failing to retest its highs from earlier today @ 0.7063.
USD/JPY is also largely contained between 105.30-40 for the most part and EUR/USD is staying little changed and trapped in a 25 pips range between 1.1615-40.