European Session Outlook – Risk-on sentiment retreats ahead of ECB

Ahead of the ECB later today, the risk-on sentiment is retreating this week albeit in a corrective manner. Thus, the return to risk-on might happen before the end of the week. S&P 500 is down by 40 points but currently rejecting further push below 4500. In the bond market, the US 10-Yr is retreating today […]

July 22 Market Update: Risk-on Sentiment Returns Ahead of ECB

Despite Wednesday’s quiet economic calendar, the market was not short of sharp moves as risk instruments fought back to reclaim some of the ground lost since the last week. Led by the Canadian dollar, risk FX stayed upbeat throughout as safe-havens shed gains. FX The dollar index, after reclaiming the 93 key area, plummeted sharply […]

Market Update as Investors’ focus shifts to US CPI and ECB

The dollar reacted with a shocking rally on Wednesday despite the continued pressure on the treasury yield. Market mood mid-week thus supported risk-off assets as investors and traders look forward to the ECB monetary minutes and the US CPI data later in the day. The dollar index surged to 90.15 on Wednesday and continued the […]