It was another risk-off session overnight, as tensions between the US and North Korea keep traders worried. The Yen appreciated overnight, while the Dollar declined against most other major currencies. Gold rallied to $1295, a fresh 6-month high. Strong resistance is seen at $1300-10 however, and the commodity is looking slightly overbought in the short-term.
Even stronger than expected Chinese data did not help to improve market sentiment. The Shanghai Composite index fell more than one percent overnight. Japan’s Nikkei 225 finished the trading day with a loss as well.
Volatility should remain rather low in the upcoming session, as most markets in Europe remain closed for a public holiday. However, US markets will reopen today, so it might pick up again in the afternoon.
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