What happened? It looks like the decline in EUR/CHF to 1…
Risk Off Mood Gains Momentum
2020-08-14 • Updated
Midday Market View
European stock markets traded lower Friday, with travel stocks weighing after Britain added more countries to its quarantine list while Chinese data suggested a slow economic recovery.
Midday Key Point
- Austria reports 282 new coronavirus cases, highest daily count since April.
- Eurozone Q2 GDP second reading comes at -12.1% vs -12.1% q/q prelim.
- Major currencies little changed even as stocks stay pressured on the session.
What happened? Japanese shares fell on Monday…
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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