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The risk remains in a better position before European trading


Stocks are stable after yesterday’s action

US and European futures are trending higher on this day, with stocks widely dismissing major risk events (↑) from yesterday’s trading.

The dollar has also stayed lower overall and we see a similar tune playing out so far today, but the changes are relatively small. The USD / JPY is an exception, as the pair currently holds around 113.53.

For equities, yesterday’s rebound was at least encouraging as it follows a short series of declines, but it still points to more push and pull for now.

The S&P 500 holds above daily support around 4,300 as price challenges its 100-day moving average over the week:

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