Risk-off is a broadly used term, but strengthening JPY is a hallmark of risk-off, and is best seen via against the EUR.
The Euro and the Dax saw a muted reaction following the release of the latest Eurozone trade data. The trade surplus widened to EUR 26.9bln from EUR 18.9bln in February.
Investors unnerved with the incoming anti-EU governing coalition set on a potential collision course with the EU, subsequently weighing on EUR and supporting the JPY.
The Italian Five Star Movement and the Northern League moved closer to forming a government over the weekend adding a fresh layer of EUR risk.
As the US Dollar continues to strengthen, the Euro, the British Pound and Gold are all under pressure.
Oil prices have pulled back from 3 and half year highs ahead of President Trump’s Iran Nuclear Deal announcement. USD surges to fresh 2018 highs, pushing EUR and GBP lower.
DXY remains supported amid rising expectations of a hawkish Fed, core PCE rises at fastest pace in 17-months. Politicals risks weigh on GBP and EUR.
After an extended period of rand strength, the following charts highlight what could be the early stages of a larger trend reversal starting to emerge against developed market currency peers, the USD, GBP and EUR
Multiple measures show that the Bank of England could lean hawkish in May and that view may best be played against the EUR as economic data disappoints expectations.
France’s trade deficit decreased in February as the pace of decline in imports was bigger than the fall in exports, the customs office said Friday. The trade deficit narrowed to EUR 5.2 billion from EUR […]