Thursday, 11 October 2018

Bears Drag S&P 500 Below 200-Day Average, Risk Aversion Dangerously Broad

The sharp pain of fear has carried over through a second session for US indices, but there seems a discrepancy in performance across broader risk assets. What are we to make of this inconsistency as a reflection of sentiment?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...