Money Flows before the start of the European session

The dollar is again on the negative side of the trading session for the beginning of the session, but with yields on government securities keeping its levels, it continues to make the task for sellers difficult. The yield on 10-year government bonds, although down 1.4 basis points down, is currently at 2.124%, recording a small change following Powell's comments on Wednesday.

Looking ahead, there are economic news that will stir things, but the main focus is once again on the Fed, as the markets are in the process of debating whether the central bank is looking for a "cut in interest rates for reinsurance" or a new more aggressive cycle of lending monetary policy. In this situation, we expect a continuation of the chopping trade in the dollar by the end of the week.

Futures of key stock indices point up, awaiting trading data from China, which can create volatility in seemingly quiet markets at the moment. The rise in liquidity later in the day will also reveal the true direction of cash flow in the last trading day of the week.

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