Trading Analysis for Thursday 16th November 2017
Last night I take a small speculative positive in WTI (long). This morning I am keenly looking at what may be a return to risk-on sentiment.
Yesterday, the USD plunges through support but closes at the support level. Equities down around the world. JPY strengthens and the US 10 Year yield drops. Classic risk off. I do notice however that this morning, equities have gapped up and some have moved up after that. The USD is strengthening, the JPY is weakening and the US 10 Year yield is rising. Maybe we are seeing risk on?
The EUR holds the algorithmic gains of Tuesday. GBP is motionless. AUD falls then rallies on Employment data.
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