Risk return temporary

January 13, 2016

Finally some risk appetite is returning to Asian markets which have bounced overnight and this is due to feed into today’s European session. Chinese trade data was better than expected with a surprise improvement in exports which has been assisted by a weaker yuan. The China story has dominated the markets so far this year and in one way it’s nice not to be talking about other things such as the Fed, but in others this topic is likely to remain a dominant force in 2016, more so than in the past as the world’s second largest economy continues to slow meaning this return of risk appetite we’ve seen so far this week may be temporary.

Economic data to focus on today comes in the form of Eurozone industrial production which is expected to decline. If we see a deterioration along the lines of yesterday’s industrial and manufacturing data from the UK then we could see a corresponding move to the downside in the single currency. EURUSD has pulled back from its attempts of breaking the 1.1000 level once again and looks vulnerable to further weakness, especially since today sees some Fed members speaking in the form of Rosengren and Evans, so it will be interesting to hear their thoughts on last week’s impressive nonfarm payroll. Then there’s the release of the Beige Book, so we could see some volatility in the dollar.

Publication source
FxPro information  FxPro reviews

February 21, 2017
XAU/USD pair maintained a bullish tone
Gold weakened on Monday amid a light market as American stocks were closed due to the President's day celebration. Market players wait for further hints regarding Fed’s rate hike timing...
February 21, 2017
Oil is heading in the right direction
Despite the assurance about the soft Brexit from the British Prime Minister the in consideration of the bill has been proving opposite, and the suppressing growth attempts of the British currency...
February 21, 2017
Greenback higher, but no incentives for big moves
After a muted trading session on Monday due to the U.S. holiday, the USD is finally showing signs of strength in early Asian trade as investors await economic data, speeches from several Fed Presidents, and minutes of the latest FOMC meeting.

FX Giants Rating
XM Rating
Cms Trader Rating
OctaFX Rating
FIBO Group Rating
FxPro Rating

GTOptions Rating
99Binary Rating
Porter Finance Rating
First Binary Option Service Rating
Empire Option Rating
Anyoption Rating