Trade ideas thread – European session 4 May 2020

Daily thread to exchange ideas and to share your thoughts

The dollar and yen are leading gains across the board as risk is postured more defensively to kick start the new week.

Japanese markets are closed and will only be back on Thursday, but Asian stocks are also under pressure with the Hang Seng down 3.8%.

Meanwhile, US futures are down by nearly 1% on the day as US and China tensions ramp up amid the blame game on the coronavirus origin.

The market appears to be having second doubts about the risk rally now, and the big question is will this be the start of a second major drop in the equities space?

What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.

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