Listen to the latest market mood for the upcoming session:

Yesterday saw another day of heavy selling across global equity markets with the S&P500 and the Dow Jones both falling more than 3%. Asian equity markets continued the selling and European future markets are down ahead of the European cash open.

The best approach to take now is to wait and monitor the risk tone. Keep an eye on the latest coronavirus updates to measure risk. The mood at the moment is for the risk-off flows to continue.

  • Risk-off flows = JPY, CHF buying, and AUD, NZD, CAD selling
  • Risk-on flows = AUD, NZD, CAD buying, and JPY, CHF selling

Expect AUDCHF sellers on pullbacks or any other risk-off currency pair.