Talking Points
- Trading sentiment has been hit hard by North Korea’s missile launch, lifting haven assets like gold and weakening riskier assets such as stocks.
- However, some of these flows make more sense than others.
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Risk-off is the dominant theme in the financial markets Tuesday as North Korea’s missile launch has prompted a flight into haven assets such as gold, the Japanese Yen, the Swiss Franc, German Bunds and US Treasuries.
Assets seen as more risky, such as European stocks, have suffered accordingly – as has the US Dollar.
However, it is difficult to see why investors are buying the Yen when Japan is in the line of fire, in reality and not just metaphorically.
These issues, as well as which sentiment indicators to look out for in the week ahead, are discussed by DailyFX Analyst and Editor Martin Essex in this, the latest of our weekly webinars on market sentiment.
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at martin.essex@ig.com
Follow Martin on Twitter @MartinSEssex
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