The mood is improving as New York trade ramps up. S&P 500 futures are now 11 points higher to 4617. The positive momentum is seeping into commodity currencies, which are broadly higher to start the week. AUD/USD is particularly strong, up 63 pips to 0.6713. It still has some work to do to retrace the losses from late last week.

AUDUSD 10 mins
AUDUSD 10 mins