Spreadex Market Update
Equities open softer
The volatility today can be found once again with basic materials, as shares like KAZ, RIO, AAL, and ANTO continue to underperform. Utilities and pharma lead.
The euro remains in focus today, as this week has seen the well-established positive correlation it has with equities fragment. Many traders are still targeting the euro to the downside despite racking up losses from its surprising strength.
The problem for traders is that when the fed looks likely to soak the markets with liquidity, then the dollar can look just as ugly as the euro.
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