Listen to the latest market mood for today’s session.
The expectations for coronavirus stimulus measures from the White House came to little yesterday as the White House revealed very few details. As such the market took an overall bearish view and Asian equities registered losses overnight. The Nikkei fell -2.27%, and the Hang Seng is down -0.71% and the Shanghai Comp. -0.94%. Europe has opened up down with most indexes in the red now.
- As such the bias remains to find USDJPY and USDCHF sellers in the current market conditions until the risk tone changes.
- Therefore, expect USDJPY and USDCHF sellers at pullbacks until the risk tone changes.
- Risks to this outlook: Any positive news that alters the risk-off tone back to risk on.