Trading news

Draghi and Trump Drive Equities Up, FOMC Decision in the Spotlight

Risk sentiment improved yesterday following comments by ECB President Mario Draghi that additional stimulus may be required, and after US President Trump said that he will hold an extended meeting with his Chinese counterpart Xi Jinping at the G20 summit. As for today, all lights are likely to fall on the FOMC decision, with investors eager to find out whether policymakers are indeed willing to reduce interest rates soon in order to avert a steep economic downturn. As for tonight, during the Asian morning Thursday, the central bank torch will be passed to the BoJ.

Risk Sentiment Improves on Stimulus Hopes, Easing US-China Tensions

The dollar traded mixed against the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained against SEK, EUR, CHF, NOK and JPY in that order, while it underperformed versus AUD, NZD, GBP and CAD.

The strengthening of the risk-linked currencies and the weakening of the safe-havens suggests that investors had reasons to cheer about. Indeed, major EU and US indices were a sea of...

Read the full financial markets daily report on JFD Research.

JFD Review

Wednesday, 19 Jun, 2019 / 7:38

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Trading news


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