Risk stays under pressure in European trading

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<p style=““ class=“text-align-justify“>Here’s a snapshot of the equities space at the moment:</p><ul><li>Eurostoxx -0.9%</li><li>Germany DAX -0.9%</li><li>France CAC 40 -0.8%</li><li>UK FTSE -0.6%</li><li>S&P 500 futures -0.4%</li><li>Nasdaq futures -0.4%</li><li>Dow futures -0.4%</li></ul><p style=““ class=“text-align-justify“>While European indices are seeing modest losses (also in part to catching up to the drop in Wall Street yesterday), US futures aren’t faring any better. S&P 500 futures are down 16 points, or 0.4%, now.</p><p style=““ class=“text-align-justify“>This continues from the sour mood yesterday with the technical picture not offering much comfort as highlighted earlier <a target=“_blank“ href=“https://www.forexlive.com/news/a-failed-breakout-is-the-last-thing-that-stocks-need-right-now-20230119/“ target=“_blank“ rel=“follow“>here</a>.</p><p style=““ class=“text-align-justify“>The softer risk tones are weighing on the antipodeans in particular, with the aussie and kiwi both down by roughly 0.9% on the day. AUD/USD is down at the lows around 0.6880, with the <a target=“_blank“ href=“https://www.forexlive.com/news/audusd-begins-to-lose-altitude-after-failure-to-keep-above-07000-20230119/“ target=“_blank“ rel=“follow“>failed breakout above 0.7000</a> perhaps marking a bit of a turning point in the short-term.</p>

This article was written by Justin Low at www.forexlive.com.

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