EQUITIES: EU Cash Opening Calls - Tech is the Immediate focus

Estox 50: +0.34%, Dax: +0.32%, CAC: +0.43%, FTSE +0.16%, SMI +0.05%.

• Some broader spillovers into the Dollar, a fresh high against the AUD, CHF, ZAR, PLN, SEK, SGD, MXN, CZK, CAD, GBP.
• The EUR is now testing that just noted Immediate support area, the Currency is under renewed pressure, looking at CME Exchange flow, the best selling volume of the early day has gone through in the past couple of minutes.
• The 1.1557/1.1560 area is holding for now, but a clear break through the latter, would see market Participants eyeing 1.1500 next.

• The Dollar was flat overnight going into the European session, only the Yen was up 0.23%, although if you look at the past 4 sessions, it will show that the {r3} USDJPY rallied 285 pips from last Thursday low to Today's overnight high.
• While some of the bid in the Greenback has been attributed on Trade Deals, as well as some positioning into the FOMC, with Market Participants looking for the Fed to keep its Hawkish stance, many desks have been somewhat surprised by the strength of the Dollar move, especially Yesterday.
• Looking at the past 5 days, the EUR is the worst performer, down 1.45% and the Currency is already seeing some early selling interest albeit in very small for now.
• Yesterday's range was one of its widest since early April for the EURUSD, with the most traded Pair in the World falling nearly 200 pips, as the Street reassessed the actual details of the EU-US trade deal.
• Next immediate support in the EUR is at 1.1560/1.1557.