Reflation takes a breather

From monetamarkets.com

US equity futures are very modestly better bid today after regaining their footing after two days of losses caused a stir in markets. “Buy the dip” is certainly the mantra as rising infection cases are well-known while earnings continue to surprise to the upside. USD is rather mixed as traders await the ECB press conference. The greenback has desperately tried to regain lost ground after the unrelenting loonie BoC surge and underlying bids are being seen above recent lows on USDX around 91. Market psychology is fascinating at the best of times, with the ebb and flow of moves essentially watching greed and fear in ... (full story)