Forex News May 13, 2022

 

Risk

  • So far today, risk has remained in a more positive zone.
  • At the very least, equities are getting some breathing room as the week comes to a close. There is still the US session to navigate, and if the wild swings this week have taught us anything, it is to never discount a change in sentiment before the closing bell.
  • But, for the time being, there are some encouraging signs. European indices are up 1.2 percent to 1.6 percent, while US futures are up as well, at least ahead of North American trading.
  • On the day, S&P 500 futures are up 1.1 percent, Nasdaq futures are up 1.7 percent, and Dow futures are up 0.8 percent.
  • Bond yields are also rising, with 2-year Treasury yields rising 6.6 basis points to 2.588 percent and 10-year Treasury yields rising 8.5 basis points to 2.902 percent. In FX, the recent dollar rally has taken a breather, with the greenback holding more mixed with no real technical significance so far today.

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