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Risk is Off

  • The Risk is Off, and futures contract are seeing further downside momentum since the European cash Govie open, with some of the moves overnight helped by the Chinese data miss.
  • Main support in Estoxx (VGM3) is at the 4233.00/4229.00 area, the May's and April lows.
  • The Dollar is again King, up against all the G10s, besides the Yen, that sits 0.27% up for the session.
  • The Kiwi is again the worst performer, although NZDUSD did found some support at 0.6000, printed a 0.5996 low.
  • NZDUSD has lost a whopping 6.09% from the May's high, or 4.01% since the RNBZ rate decision.
  • A clear break through today's low, opens tp 0.5942.

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