It's been a relatively quiet session in the markets compared to yesterday's aggressive moves. There hasn't been any notable data or news release and we continue to wait for some concrete development on the trade negotiations front.
The main theme remains the "sell America" trade with US assets like stocks, bonds and the USD remaining under pressure while safe havens like gold continue to make new highs.
The problem is that positioning is getting overstretched pretty much everywhere and that's when you see big reversals once a catalyst hits the market.
The catalyst will likely be the first trade deal as the focus remains on tariff negotiations.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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