Risk liquidation intensifies into Tuesday’s Trade says Joel Kruger of Daily FX. Mr. Kruger provides a thorough risk analysis of the fear driven Forex and risk correlated markets.
Mr. Kruger continues:
“Looking ahead, Swiss CPI, Eurozone GDP and German factory orders are the key releases in European trade and all could potentially influence price action. Things are quieter into North America where trading gets back into the full swing of things following the US long holiday weekend, with the only notable release coming in the form of ISM non-manufacturing. Equity futures are pointing to a much lower open, while oil is significantly weighed down and gold inches closer to major psychological barriers at $2000.”