Risk on mode – the winners from the cash flow this morning

The stock markets remain calm shortly before the start of the European morning, after the high risk of overnight rally, with no major changes in the major currencies.

There is still a great debate as to whether we have seen the worst of the coronavirus or whether it is yet to come, but investors seem to be eager to leave it behind and enjoy record highs on the indices.

In such a situation, risk will again be a key factor and is expected to be attractive to cash flows. The economic calendar in Europe will not give us the catalysts we need today, so I expect a continuation of the upward movement in the indices – a strong start in Europe, profits for major financial and technology companies.

Oil is at strong support levels, and after more than a week of declines, we may see a correction. This will support the Canadian, which remains divested against most currencies and may have a reversal in the medium-term trend.

 Trader Aleksandar Kumanov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance