Friday, 8 August 2014

Markets | 08/08/2014 | US futures feel the weight of geopolitical worries

As traders on Wall Street get back to their desks there does seem to be something of a reality check taking place, and this is producing some rather exaggerated moves across a number of markets. Right now however it’s risking becoming an overreaction - the S&P is back above where we closed last night, gold has seen the shine taken off it, oil prices are falling and USD/JPY is back at 102. It all points towards a quick retreat out of the safe havens that traders flocked to overnight, but it’s worth remembering that this is August, volumes are going to be a bit depressed and this could well be exaggerating the volatility. 

No comments:

Post a Comment