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- Money Flows before the start of European trading this morning
Money Flows before the start of European trading this morning
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Loading...New stock market day filled with risk sentiment trying to recover, while RBNZ completely shocked the markets by a 50 basis point drop in interest rates earlier in the morning.
This causes the yen to hold its strong position, while stocks and bond yields remain weak and the kiwi is at the bottom. The manager of Orr Bank did not deny the possibility of negative interest rates. The Australian also falls victim to this crossfire, with AUD / USD at a ten-year low.
Looking ahead, sentiment risk remains a major factor, with the PBOC fixing the yuan just under $ 7.00 - an almost sure signal that we should expect a break at these levels in the coming days - just as it was expected to move above 6.90 on Friday last week.
Today, the economic calendar does not provide important economic news, and by default, traders remain focused on trade rhetoric, Brexit and a whole bunch of geopolitical risks that inflate liquidity in the markets.
Traders remain cautious in waiting for a clearer direction.
Trader Aleksandar Kumanov Read more:
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