Daily Market Review: Wall Street Rebounds, Pound the Main Gainer Among FX Majors
Channel: JFD Brokers
Date: 2022-06-08

Daily Market Review by Charalambos Pissouros

EU shares traded in the red yesterday, but #WallStreet saw all three of its major indices gaining ground, with the positive appetite rolling into the Asian session today. This may be due to #Target Corp saying that it will offer deeper discounts to clear inventory. The #pound was the main gainer among the FX majors, but Given that we cannot see a clear and concrete catalyst behind the rebound, we would guess that this was some sort of short covering.

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