Thursday , 21 November 2024
Home Forex Risk sentiment is mixed as we get the session underway
Forex

Risk sentiment is mixed as we get the session underway

Mostly uneventful price action as markets trade cautiously and muted ahead of tomorrow’s US CPI data:

  • Equities:
    Mostly flat for US equity futures, with just a tad more pressure seen in EMEA
    equity futures. Asia-Pac is mixed with the Nikkei and Hang Seng higher while
    the Kospi and A50 is lower.
  • Commodities:
    Mostly higher across the board, oil is close to flat, marginal upside for gold
    and silver, with mixed flows in base metals with copper lower while iron ore is
    up.
  • Bonds:
    Mostly mixed as well with marginal moves across 2’s, 5’s and 10’s and thus very
    limited flows in yields so far.
  • FX: You guessed it, also mixed. The CHF is
    leading the majors on the upside in what looks like a bit of a pullback after
    recent weakness. While the JPY and EUR are the weakest.

This article was written by Arno V Venter at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Weekly update on interest rate expectations

Rate cuts by year-endFed: 14 bps (55% probability of rate cut at...

Gold Technical Analysis – New highs as rate cuts repricing pauses

Fundamental OverviewGold continues to make new highs as the correction from the...

European equities see a mixed open to start the day

Eurostoxx flatGermany DAX +0.2%France CAC 40 -0.1%UK FTSE +0.3%Spain IBEX +0.2%Italy FTSE...

France November business confidence 96 vs 97 prior

Prior 97Services confidence 99Prior 101Manufacturing confidence 97Prior 92; revised to 93The overall...