-
Risk negative bias persists with no end in sight to fiscal support negotiations
The risk negative bias that has ushered flow back towards safe haven assets in recent sessions is still present as we come towards the end of another frustrating week for major markets. There is a distinct lack of trend or conviction right now through forex and commodities. It is difficult for traders to take a view amid the frustrating lack of progress in US fiscal support negotiations and deadlock over a UK/EU trade deal. In Washington, the sense is that fiscal support is becoming (if it is not already) a political football kicked around as who can use it for their advantage moving into the Presidential election. ... (full story)