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Market Mood Risk-Off 06.01.20

Market Mood Risk-Off 06.01.20

Market Mood Risk-Off 06.01.20

in Daily Forecasts

Listen to the market mood for the coming session:

The market is in a firm risk-off mood due to ongoing tensions between Iran and the US following the killing of a top Iranian general by a US drone attack last week. With a very light data calendar ahead today the market’s focus will be firmly on risk sentiment.

As a result, watch out for risk sentiment moves:

  • Risk-off = gold buyers, JPY and CHF buyers, AUD, NZD, and CAD sellers
  • Risk-on = JPY and CHF sellers, and AUD, NZD, and CAD buyers

At the time of writing, the risk sentiment remains firmly off, so I am expecting gold buyers on retracements at the following technical levels marked on the chart above.


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Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

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