Major markets consolidate ahead of crucial EU Recovery Fund discussions

From hmarkets.com

Major market look ponderous this morning as the dust settles on yesterday’s dollar rebound and edge of risk aversion. Traders looking at their charts will see how these moves have been counter to recent trends. The dollar remains on a weakening path (as a safe haven), whilst recent updates on COVID-19 vaccines have encouraged a more positive risk bias to take hold. However, there is still an uneasy tone to relations between the US and China over a variety of issues (Phase One trade deal, Huawei, Hong Kong, interests in the South China Sea) which is holding back a sustainable move into risk. Furthermore, ever rising ... (full story)