FX markets have been joggled into action, as risk sentiment has not precisely fallen off a cliff, just as the bears always seem to expect on a Monday. Although if pressed for a view, this morning’s price action seems more related to position-squaring on new USD longs rather than anything else. Overall, the FX market […]
Tag: Market Analysis June 2020
The Big Week
There is a definite risk-off tone to Asia’s financial markets this morning as the week gets underway. Weekend headlines were dominated by fears of secondary outbreaks of COVID-19, especially in Beijing; where part of the city has been locked down to contain a localized outbreak. South Korea and Japan are ready to play whack-a-mole controlling […]