The session so far has been absolutely boring given the lack of key economic data and limited newsflow. This rangebound price action might continue into the weekend as we have the risk of potential gaps on Monday open. That could happen on escalation or de-escalation news.
The base case remains a de-escalation and that's what the market has been leaning onto with oil prices still trading around last Friday's levels and risk sentiment recovering from the lows. Nonetheless, from a risk management perspective, traders might prefer to hold it out into the weekend and see how things evolve.
Today we still have a key meeting in Geneva where the Iranian Foreign Minister will meet European counterparts to find a diplomatic solution. Strong signals of de-escalation could still give risk assets a boost. The meeting is scheduled to start around 13:45 GMT/09:45 ET.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Weekend gap risk will likely keep markets rangebound )
Also on site :
- Country 'MVP' Refunds Entire Audience Mid-Concert and Fans 'Cannot Believe He Did That'
- Legendary '70s Rock Band’s Song Sparks Fan Theories 50 Years Later
- Trump fija nuevo plazo de negociación de dos semanas y desencadena esfuerzo urgente por reanudar las conversaciones con Irán