(08 MAY 2020)DAILY MARKET BRIEF 2: Negotiations betweenUS and China have been advanced to next week

<p>In the currency markets, the US dollar is down on the back of an untouched risk appetite, but the US treasuries remain in demand. The US 10-year yield remains capped near the 0.70% mark.</p>
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<p>The USDJPY attracted buyers near the 106-support, as the USDCHF reached the 200-day moving average (0.9785).</p>
<p>Gold is better bid above the $1700 per oz, as we doubt that the recent positive correlation between gold and risk assets could also be an increased hedge against the possibility of a swift downside correction in equities. But buyers continue defying the bad economic and corporate data and push stock indices higher with a solid determination.</p>
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