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Technical Correction In Risk Sentiment
The main take-away from Tuesday’s price action was an explosion in the price of Gold, hitting its highest level since 2011, alongside the eruption in buy-side flows in the Sterling amid speculation of a revival in Brexit talks, all in the context of a very weak Canadian Dollar and faltering US equities, unable to keep up the momentum but still bullish. To be frank, with the type of run we’ve seen in risky assets over the last week, the setback in the likes of equities or the Aussie (led by the RBA + Melbourne lockdown) is nothing to be overly concern for now from a technical perspective. The moves in either ... (full story)
