EU Session Update – Buyers emerge after heavy selling
Coronavirus fears maintain heavy selling so far this week.
Heavy selling continues at the start of tonight’s European session as the markets picked up where they left off.
A new round of selling for oil pushes it to new February lows, whilst AUDUSD weakened further to hit an 11-year low.
As the session moved on we saw buyer interest start to develop, with CFD indices moving off earlier session lows. Gold has returned to safety mode adding 1.21% to its session high.
In tonight’s EU session video update, we take a look at some of the main moves we’ve seen so far, with an outlook and discussion around a few ideas for the U.S. session ahead.