Daily discussion to exchange ideas and share your thoughts
There is a slight hint of risky mood to start the day, as US futures are just over 1% higher and retrace some of the losses from last week.
This also results in a higher aussie, kiwi and loonie to start the session while the yen is among those on the back foot (just a little).
The pound also remains softer – a bit like late last week – as woes of Brexit and a less impressive UK response to the coronavirus crisis don’t really help the seller find a lot of relief, not to mention the technical breaks in GBP / USD and EUR / GBP.
Despite the more optimistic start to the risk, I think everything could easily turn right (or wrongly, if you will). American-Chinese tensions continue to mount and this will be something to keep in mind in future sessions.
The S&P 500 index remains a key graph to watch this week in my opinion.
Meanwhile, we also see gold reaching its highest level since October 2012, but can bulls maintain momentum around $ 1,800? It will be interesting to discover.