The CRB is recouping some of its recent losses, up 0.5% on the day while US yields are 5 bp firmer. S&P futures are up 0.3%, building on its late afternoon rebound yesterday.
AUD/USD continues to consolidate in a range around 1.00 while USD/CAD consolidates in a range just below 1.00…
EUR/USD has worked through central bank buy orders in the low 1.36780s and now trades down at 1.3673.
We’re just picking up confirmation of trailing stops on EUR longs beneath 1.3650…