In today’s inter-connected trading world, where financial data is closely watched and scrutinized it is tempting to stay on the sidelines because there is an important release in a few days’ time, which might or might not shed further light on how the global economy might or might not perform...
It is difficult to quantify, let alone qualify how the flying equity markets' risk-on mood is spreading into oil, other than a possible notion of higher stock values forming a strand of demand, and that a flagging yield environment has brought an end to the rampant recovery of the US Dollar which has not made new highs for over a week now.
Nothing became clear last week; uncertainty persists and permeates the mood surrounding the global economy and markets. Events and data are being interpreted in a distinctly different manner. One day good news is good news, on the other it is bad...
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