Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get things going in the session ahead. Another wild day beckons as we continue to see the dollar keep in favour as the likes of the aussie and kiwi are battered once again.
US futures are keeping lower - but off the lows for the day - while bonds are also still sold heavily as central banks step in with plenty of measures to try and stem the bleeding.
I would argue that despite all the mayhem over the past two weeks, yesterday was the first real day of financial dislocation/disorder in the market. Now that we have reached that stage, the key question is for how long will this phase persist?
Forced deleveraging and mass panic selling is a potent and toxic combo to drive permanent economic risks/damage to businesses and households, so expect central banks to treat the events that transpired yesterday very seriously.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
