The good vibes spill over to Europe
Turnaround Friday is well and truly on the cards now but it's still a bit early to call it just yet. The reaction in equities so far suggests that the worst may be over but I'd wait until US equities open to confirm the moves seen so far today.
Despite the improving risk sentiment, it's done little for currencies in general as major currencies still trade flat for the most part. Only the yen is a little weaker across the board as a result.
