Free Trial

Market Sentiment Stabilises

FOREX

The dust settled after post-FOMC market swings, allowing risk sentiment to stabilise. A strong earnings report from Apple drove a tech-led uptick in U.S. e-mini futures, helping reduce demand for safe haven assets. Major currency pairs were happy to hold tight ranges in the final Asia-Pac session before Lunar New Year holidays.

  • The yen traded on a softer footing, with USD/JPY consolidating above breached resistance from Jan 18 high of Y115.06.
  • The NZD failed to jump on the risk-on bandwagon and underperformed all of its G10 peers, although domestic headline flow was fairly thin.
  • U.S. Core PCE Price Index & final U. of Mich. Sentiment, EZ sentiment gauges as well as flash German & French GDPs take focus from here, in the absence of any notable central bank speak.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.