European equities, US futures extend climb on the session
European equities are pushing gains of over 1% now, with US futures also rising to near 1% gains on the session. In turn, that is pushing the dollar lower with USD/JPY having broken below the 107.00 level as noted earlier.
The market is starting to shift towards a stronger risk-on tone and that is showing up across other asset classes with oil also creeping higher now.
Brent oil have pared losses to move into positive territory above $20 while WTI crude is now up to $12.30 after having hit a low of $10.07 earlier in European morning trade.
With key technical levels in the dollar giving way, just be mindful that this could be the start of a trending move in the market after just over a week of consolidation.
