Technical Analysis

Markets keep more tentative to start the session

European equities may be slightly higher but the overall mood remains more pensive, with US futures not really hinting at much. S&P 500 futures are down 3 points, or 0.08%, currently as it is a crucial moment for stocks in general ahead of the weekend.

Elsewhere, bonds are a touch lower with 10-year Treasury yields up 1.3 bps to 3.785% and the dollar is keeping more mixed on the session so far. EUR/USD is down 0.1% to 1.1350 levels and remains in a pondering state after the upside move stalled at the 200-day moving average this week:

Meanwhile, USD/JPY is flattish around 140.15 currently while GBP/USD is up a touch by 0.2% to 1.1890. Looking over to commodity currencies, AUD/USD is up 0.3% to 0.6700 and NZD/USD up 0.6% to 0.6165 but the slight nudge higher comes after sellers have already wrestled back some near-term momentum.

AUD/USD is still trading in between its 100 and 200-hour moving averages now and pivoting in and around its 100-day moving average at 0.6693:

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