<p>Newsquawk’s US Market Open: Broadly constructive risk tone after a RBA tightening slowdown & ahead of Fed speak</p><p><a target=“_blank“ href=“https://newsquawk.com/daily/article/?id=2667-us-market-open-broadly-constructive-risk-tone-after-a-rba-tightening-slowdown-ahead-of-fed-speak&utm_source=newsquawk&utm_medium=email&utm_campaign=newsletter&utm_content=us-open“ target=“_blank“ rel=“nofollow“>Full Note (incl Podcast)</a></p><p>European bourses have commenced the session on the front foot as broader sentiment remains constructive largely in a continuation of yesterday’s recovery.</p><p>Stateside performance is very in-fitting, ES +1.5%, ahead of Fed speak and after a constructive update from Foxconn.</p><p>USD continues to pullback to the broad benefit of peers, DXY sub-111.00 at worst while Cable reclaims 1.14</p><p>Core debt is bid across the board, though has since dipped from best levels, with Gilts back above 100.00 but still multiple points shy of pre-Kwarteng levels.</p><p>Crude benchmarks are modestly bid this morning, taking the lead from broader sentiment and associated FX action awaiting OPEC+</p><p>Looking ahead, highlights include US Factory Orders Speeches from Fed’s Williams, Logan, Daly, Mester & Jefferson, ECB’s Lagarde, UK Chancellor Kwarteng.</p>

This article was written by Ryan Paisey at forexlive.com.