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Nasdaq's Slump Outpaces the S&P 500 as Risk Stumbles, EURUSD top FX Volatility after GBPUSD Delay

By on January 10, 2021 0 22 Views
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EURUSD, GBPUSD, S&P 500 and Nasdaq 100 Talking Points:

• Risk aversion took a hit during afternoon hours in the US session with a particularly sharp loss for the Nasdaq 100 relative to benchmarks like the S&P 500
• While there are high level events ahead like US CPI and UK GDP, top listing on my docket is the ECB rate decision and the EURUSD’s response
• Despite UK PM Johnson’s in-person meeting with EU President Ursula von der Leyen, the two sides have pushed out the post-Brexit timeline rather than find a solution
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