Trading news

Risk Appetite Gets a Small Boost, but Investors Stay on Guard Ahead of ECB

Risk Appetite got a small boost yesterday, as headlines surrounding the US-China trade saga may have added to hopes that the next round of negotiations may bear some fruit. That said, market moves suggest that investors stayed on guard ahead of tomorrow’s ECB decision, as they may be eager to find out whether the Bank will deliver just a 10bps cut in the deposit rate, or more.


Market Sentiment Somewhat Supported on US-China Headlines

The US dollar traded mixed against the other currencies yesterday and during the Asian morning Wednesday, but within a narrow range of ±0.30%. It gained against JPY, NOK, NZD and SEK in that order, while it was found lower versus CAD, AUD, GBP, CHF and EUR.

Despite the slight weakening of the Kiwi and the strengthening of the franc, the slide in the yen and the outperformance of the Loonie and the Aussie suggest that investors’ appetite may have been...

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Wednesday, 11 Sep, 2019 / 7:29

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Trading news


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