AM Notes: Risk sentiment still buoyant...

Quiet overnight session, with Asian equities catching up to the strong Wall Street performance...

U.S. futures have seen some early buying in London nudging the indices higher.

Risk sentiment is still buoyant, dollar is still under pressure.

USDCAD is my leading USD indicator for now.

Retail are still positioned around 80/20 long and the pair sits just above the 1.20 level after a weak bounce.

Watching and waiting on this one as I don't see the R:R in being short, but don't think it's quite ready to pop yet.

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Tim Vollans

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