From Marc Chandler at Bannockburn Global Forex:
Overview: There has been little follow-through dollar buying today after its recovery in North America yesterday. The greenback is softer against most of the G10 currencies. The Antipodeans are lagging alongside the Norwegian krone, perhaps weighed down by the sharp drop in oil prices following President Trump's indication and a deal with Iran may be near. Switzerland reported stronger-than-expected Q1 GDP, and the franc is the strongest of the G10 currencies followed by the Japanese yen. Most emerging market currencies are firmer. The handful of exceptions in China, India, Thailand, and Russia.
Equities are struggling today. Most of the large bourses in the Asia Pacific region fell. India, Australia, New Zealand, and Singapore managed to eke out gains. Of note, Japan's Topix, which snapped a 13-day advance yesterday, saw more profit-taking today. Europe's Stoxx 600 is off for the second consecutive session. Yesterday's loss ended a four-day advance. The S&P 500 and Nasdaq futures are a little more than 0.5% lower. European 10-year yields are mostly a couple basis points lower, while the 10-year Treasury yield is three basis points lower near 4.50%. Gold extended yesterday's losses and fell to almost $3120, its lowest level since April 10. It has recovered to almost $3177. It must retake $3200 to stabilize the tone. The prospect of a deal with Iran sent June WTI to a new low for the week near $60.50. The next area of chart support may be around $59.60....
....MUCH MORE, he goes on to point out that today brings many reports that will be plugged into the various models and forecasts. I for one, am all atingle.