Forex Flash: Markets may focus on tomorrow's ECB announcement and China trade data  TD Securities

FXstreet.com (Barcelona) - By observing the flat trading of US index futures, as well as small gains in Asian and European equities, TD Securities analysts believe that risk appetite is just neutral, in line with the FX market trend. "Bunds outperformed the small sell-off in Treasuries and managed to rally 1-2bps, outside of the 3-5y sector that struggled into the bobl auction", wrote analyst Marcin Budkiewicz.

"With little in terms of G10 data releases and events scheduled for today, and only minor US earnings announcements before Jan 16, the markets could start focusing on the ECB rate announcement, even though it is likely to be non-eventful, and Chinese trade data release tomorrow", Budkiewicz added.