The indexes will open lower, of that is there is no doubt.
The question is if we see a ‘gap fill’ retrace (I suspect there will be some of this)
and whether it sustains (I suspect not).
Regardless, if you are trading the ‘overnight’ do take care, there will be plenty of opportunity but liquidity will be thinner than normal.
The story so far:
Trump: Tariffs on Canada can be removed if ‘enough steps’ taken to reduce health crisis
- Goldman Sachs: We think Canada and Mexico tariffs are likely to be short-lived
- Trump and Dump
- Early Monday – Trump tariffs slam Stocks, surge the USD
- New Zealand benchmark equity index, S&P/NZX 50 falls nearly 2%
This article was written by Eamonn Sheridan at www.forexlive.com.
