Risk appetite remains as Chinese equities rally. This may not last as potholes are appearing which may increase risk aversion.
EUR/USD Forecast
931 posts
Military tensions between a number of countries likely added to the existing risk aversion in the financial markets. Gold continues to climb.
Reversal of risk seeking sentiment results in US dollar strength as apprehension increases. Market correlations suggest risk aversion across various assets.
Risk seeking sentiment is high as a combination of supportive measures and economic restarts spark optimism. The US dollar weakens against most currencies.
The market continues to be in a risk on mode as investors maintain positive sentiment. The economic reality defers and remains a risk.
The US Dollar continues to face downside pressure. The Euro currency and Australian Dollar steps up to fill the gap. Crude Oil is steaming ahead.