Markets begin to take a breather

15.08.2019 / 12:09

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Bonds began to recover, and they also began to calm down from the Asian session.

The 30-year bonds are flat again after falling more than 5 points earlier today. At the moment, the bond market is stabilizing and US futures are up slightly.

However, the mood in Europe is not yet in balance with the momentary calm, but at this stage all eyes are fixed on the bond market.

The size of the bond movements was considerable, which also contributed to the weakening of the yen, but the strong jump at USD/JPY by nearly 90 points still remains a mystery. The fat finger effect or just the thin liquidity may have been affected.

The currency pair is currently holding around levels of 106.20 - 30, with buyers holding short-term controls. With the increased risks of recession, markets will also pay close attention to economic data later today. For the time being, we have some reassurance in the markets.

Graphs: Used with permission of Bloomberg Finance L.P.

Trader Martin Nikolov

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Markets begin to take a breather

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