A strong tech-led recovery on Wall Street in late U.S. trading led to a somewhat improved risk sentiment in equities overnight. ASX the stand out performer. Nikkei only down slightly after the two day bank holiday in
Equities have had a bounce! There's maybe some technical reasoning here. The 100 daily exponential moving average has shown some support. TradingViewI'd argue though that it's more to do with weakness outside of the US and a forced
Risk has remained fragile overnight (Japan is still closed). U.S. futures are slightly lower in overnight trade; But European markets are set to open positively after yesterday's rout. European Opening Calls:#FTSE 5829 +0.43%#DAX 12601
The dollar has had an unreal day of it with the dollar index approaching 94.00. TradingViewEURUSD, USDCAD, USDJPY and GBPUSD have all found themselves approaching key levels which have either been broken (USDCAD), have failed (USDJPY), or
Ooof. Check out USDJPY. TradingViewThat's a serious rocket up the arse of dollar yen there. Why though? Well, the yen has been appreciating massively over the last year or so. Back in March, there was talk of intervention
There is a lot going on in the second half of this week. FOMC, BOE, BOJ, all within a 15 hour period. Three hours later the OPEC (JMMC) meeting starts, and we have Quad-Witching option expiries on Friday.