Daily thread to exchange ideas and to share your thoughts
Happy Friday, everyone! Hope you're all doing well as we get into the European morning session ahead. As we look towards the weekend, we're staring at the perennial question in markets once again, 'fear' or 'greed'?
Although markets are getting more accustomed to the coronavirus outbreak situation, just be mindful that there will be traders and investors who will be uncomfortable with holding risk going into the weekend once again.
That said, the situation does appear to be more calm this time around - for now at least - with dip buyers in Wall Street still making their case as seen in overnight trading.
For currencies though, the aussie and kiwi still doesn't have much going for them while USD/JPY continues to stay stuck around 109.00 - bouncing between the 100-day moving average and 100-hour moving average (keeping just above that for now).
Looking ahead, risk will once again be the main focus in markets but I reckon we will only have a better idea of how things will develop once US traders come in later today.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.