Zusammenfassung:Since they cannot be directly observed and can have varied meanings depending on the situation, uncertainty and risk aversion are challenging concepts to define.
Uncertainty and risk aversion are difficult concepts to pin down they can't be observed directly and can mean different things in different contexts. As Fears of economic slowdown weigh on the risk appetite as traders await Fed, BOE and ECB policymakers‘ trifecta attack on market moves during early Wednesday. Adding to the sour sentiment could be the ECB’s early signals of how to end the bond-buying program and comments suggesting an increase in the recession woes.
The situation or the condition of being in a risk mood favored the US dollar to refresh the weekly top, which in turn drowned prices of gold and crude oil while also directing Antipodeans to the south.
Similar to the Cryptocurrencies also, as they arent left behind in conveying the market fears as BTCUSD and ETHUSD print a four-day downtrend. With bullish markets Still running.
Following are the latest moves of the key assets:
• Brent oil snaps four-day uptrend as it reverses from weekly top, down 0.40% at around $117.70 at the latest
• Gold declines for third consecutive day as sellers attack $1,815 with 0.20% daily loss.
• USD Index stays firmer at the weekly top surrounding 104.50.
• FTSE 100 prints mild intraday gains but STOXX50 and DAX are both down over 1.0% by the press time.
• Wall Street closed with major losses, Nasdaq slumped nearly 3.0%.
• BTCUSD drops 0.90% to trade around $20,000 while ETHUSD loses more than 1.0% by flashing $1,130.