Continuous changes in the trading front take away some of the momentum in the markets, keeping them calm before the last trading day of this week.
Dollar crosses are less than 0.1% change for the day and are trading in narrow ranks. Sentiment risk remains modest, with yields on US government securities unchanged and futures on major stock indexes rising slightly, around 0.1%.
In terms of currencies, AUD / USD has a large volume of leak options of 0.6795, which could potentially limit spot price action for the day.
In addition, we expect data for a manufacturing PMI in Europe, which could potentially give the markets what they need to finish the session up. Otherwise, the main focus will again fall on the trade titles that will dictate cash flows.
Trader Aleksandar Kumanov