Real-Time Update:: Risk Markets Turning South
The markets are moving quickly today reversing an increase in risk assets this morning. At present we see this move as nothing more than sideways chop. However, it is presenting some opportunity for some interesting trade setups. As we mentioned in our newsletter on Monday, selling DXY and USD against major pairs was our base case coming into the week. It looks like the U.S. stimulus will not pass before the election which is creating some short-term opportunities for counter-trend moves.
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