By Chris Becker
Another stalled night for risk on both sides of the Atlantic with the USD reasserting itself against the majors – save Yen as a haven – with gold tumbling again, while Bitcoin goes to a new crazy high (see chart at bottom of report). Its all about shuffling the deck before tomorrow nights NFP print in the US, while last night saw a new oil inventory report that surprised on the upside, sending oil prices down nearly 3%, bringing energy stocks with it.
In Asia today we should expect more volatility with a lack of any key economic data probably a good thing at the moment.