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Market Overview
Good PMI data from Chinese services sets the tone for markets
Today is a
day of greater risk appetite as investors bet on more accommodative monetary
and fiscal policies on a global scale, also motivated by signs of progress in a
coronavirus vaccine and easing trade tensions between the US and China.
The dollar is
rising on today’s Asian session, as the improving global economy and the lack
of progress in U.S. fiscal stimulus weigh on this currency.
As
longer-term Treasuries retreated on Friday after investors processed data from
the U.S. economy following the Federal Reserve's historic change of direction
in the monetary policy framework.
The focus
of the oil market remains the pace of the short-term global economic recovery
and supply/demand dynamics, adding that short-term risks should still be tilted
to the downside.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.19% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
