Fear has been replaced by FOMO in markets. S&P 500 futures are now up 40 points and getting to within striking distance of 6000, which we haven’t been above since March 3.
The market continues to digest the US-China trade war climb down and it likes what it’s hearing. We are expecting comments from Trump shortly so that could be a source of volatility.
Zooming out to the daily chart, there isn’t much standing in the way of a return to the February all-time highs now.
This article was written by Adam Button at www.forexlive.com.
