S&P 500 Futures Contracts
At the previous low, S&P 500 futures were down about 1.7%. It is now down only 0.4% as European markets open up to trade. The improved mood owes much to Iran’s downplaying of the Israeli attack. And also that they won’t retaliate, at least not immediately.
This also means a change in mood in the FX industry. EUR/USD is back to stable levels at 1.0645 while GBP/USD is off its previous low of 1.2405 to approach 1.2440 over the past hour. AUD/USD also pared most of its decline from earlier, being down just 0.1% at 0.6415 currently.
But as the weekend approaches, are traders bold enough to bet on next week’s risky trades? This could further dampen the general market mood later today.
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