Weekly Risk Gauge- US Dollar Weakness Dampens Risk Off Sentiment

1 Min Read

04/10/2023 (Risk on Risk Off)

 

Risk Table 04/10/2023
Risk Table 04/10/2023

 

On the board this week we see a tilt towards a risk off scenario, barring the US Dollar Index and Real Estate Investment Trusts which closed slightly lower at 0.49% and 0.52% respectively.

It is important to remember that US treasury bond yields are inversely correlated to the demand on them so therefore the slight decrease, 0.89%, 1.67% and 0.85%, recorded on the short term and long term debts, was an increase in demand.

The price action on the US equity markets remains bullish as volatility continues to drop although we may see a reversal of the VIX, upwards, and a reversal of the bearish momentum on the US dollar.

With the gap up on oil last week, we will be watching to see if there will be an intraday downturn on the German Spreads, the Crack Spread and the Calendar Spreads, which would increase the supply of oil and send price dropping towards $60 to fill the gap.

 

 

Upgrade your mobile trading desk with the SideTrak Swivel 14 attachable monitors for laptops
Upgrade your mobile trading desk with the SideTrak Swivel 14 attachable monitors for laptops

 

TAGGED: , ,
Share this Article
Leave a comment

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.