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Has the risk asset upside flurry come to and end or is this just a part-time detour? That is the question with this week’s focus being firmly set on the overall risk tone in the market.
Right now, there are two narratives driving risk flows, on the one end we have the hopes of an economic recovery, and on the other end we have the threat of substantial increases in virus numbers in the past two weeks.
After taking a tanking move lower, risk assets showed some recovery this week, until Friday’s virus cases and news that Apple is closing a few stores in the most affected US states breathed new fears of lockdown restrictions into the air.
Apart from virus numbers, this week also holds a few important economic data points which will also be interesting from a risk sentiment point of view.
This week ahead video will help you prepare for this week’s upcoming events and provide insights into how you could possibly trade it as well.
Highlights of the video:
00:46 – Current Baseline
05:07 – Baseline expectations for the upcoming risk event
07:33 – Possible sentiment shifts
10:31 – Possible currency pairs to consider