European indices expected to open up while the US dollar reversal continues
The US dollar reversal is picking up steam, with the Dollar Index testing the 50-day simple moving average.
Indices overview
Europe is mostly up today after gains in New York and over much of Asia overnight. London is showing mixed signs.
Forex markets
The US dollar reversal is picking up steam, with the Dollar Index (DXY) testing the 50-day simple moving average (SMA).
EUR/USD is at a three week high, while USD/JPY (大口） is down as the Bank of Japan (BoJ) buys excess bonds.
Keep an eye out for USD/CAD as the Bank of China (BoC) may move 50-basis points on rates.
Equities
Today is another big earnings day with reports coming from Barclays, Meta Platforms, Boeing Co , Standard Chartered, WPP, Deutsche Bank, and Ford Motor Co.
Last night Microsoft and Google both fell, while Visa rose.
Tesla CEO, Elon Musk meanwhile expects the Twitter acquisition deal to be completed by Friday.
Commodities
Gold is little moved this morning while oil is down for a third day.
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