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Markets in ‘Risk Off’ Mode, UK Parliament Votes on Brexit

JFD

Financial markets traded in a risk-off mode yesterday, perhaps due to Trump’s warnings over another government shutdown, increased concerns over the performance of the Chinese economy, as well as reduced expectations of a US-China trade breakthrough. As for today, the UK Parliament will vote over PM Theresa May’s new Brexit proposal, as well as amendments put forward by lawmakers.

Trump, Caterpillar, Nvidia, and Huawei Weigh on Risk Sentiment

The dollar traded higher against most of the other G10 currencies on Monday. It gained the most against AUD, CAD and NZD, while it slightly underperformed against JPY and EUR. The greenback traded virtually unchanged against CHF.

The weakening of the commodity-linked currencies and the strengthening of the safe havens suggest that...

Read the full financial markets daily report on JFD Research.

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Source: https://www.jfdbrokers.com/en/research/markets-in-risk-off-mode-uk-parliament-votes-on-brexit
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