On and off
A quick Bloomberg article for you here on risk on and risk off markets. I noticed a few comments about the nature of these markets , so I dug this up for you. Any comments folks want to add in the comments section below, go ahead and add your assistance. The link to the article is here. I will be getting my head down for the Average earnings data coming out soon.
Meanwhile, GBPUSD breaks above its 1 hour 100 EMA. The hold of the 200 was to be expected given how good the earnings were expected to be. The break above the 100 EMA was a bonus, unless a little bird told someone the average earning numbers. GBP particularly vulnerable to data leaks given how many people get a copy of the results early.
