Risk gains once again ahead of European trading

S&P 500 futures are up by 1% on the day now

E-minis 08-04

It was a similar case yesterday, as risk rallied strongly ahead of European trading but found itself caught on the wrong side in the latter stages of US trading especially.

So far, there is some mild optimistic tones in the market but it isn't anything too overwhelming just yet. In the currencies space, the dollar continues to keep firmer and is maintaining gains against the rest of the major currencies bloc.

USD/JPY is keeping higher at 109.00 currently, testing session highs.

Meanwhile, oil is up by nearly 7% on the day as well after a stumble yesterday - trading at around $25.25 currently as we look towards European morning trade.

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