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The dollar continues to stabilize across the board, but there has been back and forth action between the two over the past few sessions. But overall, the dollar bulls are holding their ground for now.

EUR/USD holds below 1.0900 after six consecutive days of declines, with sellers looking to push to the March low at 1.0806 next. GBP/USD also looks vulnerable to a potential test of 1.3000 if anything else.

Meanwhile, USD/JPY continues to bump around 123.50-124.00 for most of the past few sessions. There was a brief attempt to sustain a push above 124.00 in Asian trade, but that has since fizzled. The wider 120-125 range is still very much in play.

US futures are flat after a slight advance yesterday, halting a two-day decline. But European equities were still under pressure and overall equity sentiment remains rather benign at the moment I would say.

Bond selling is still one of the key things to watch as the focus continues to remain on the battle between central banks and inflation, as well as the economic outlook ahead.

There are no notable releases in European morning trading later, so it could be a quieter session ahead.

I wish you all the best days ahead and good luck with your trading! Stay safe there.


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