The softer US PMI data from yesterday is still reverberating but also a much improved risk mood. Geopolitical fears have subsided since the weekend and that is helping to see stocks bounce back quite nicely to start the week. In turn, risk currencies are picking up on that with the aussie also helped by hotter inflation numbers earlier.As seen here, AUD/USD has moved up to test a key technical level on the day. The pair is still up 0.5% to 0.6515 as it keeps near the highs.So, what's next for markets in general?As we look to put behind us the whole Israel-Iran episode, the focus shifts back to US data. Equities will look to that to keep the momentum from this week, with S&P 500 futures up an
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