Risk aversion inching off - BMO Capital Markets

By FXstreet.com | Updated August 11, 2014 AAA

FXStreet (Guatemala) - Stephen Gallo, European Head of Currency Strategy at BMO Capital noted that risk aversion has been inching off ahead of key data releases.



Key Quotes



"‘Risk aversion’ inched off during the Asian session and London morning”.



“The small back-up in the US 10yr yield from the open kept EUR/USD offered between 1.3375 and 1.3400, but Fed’s Fischer’s comments seemed to dampen some of the move”.



“FX probably needs 1 or 2 full sessions of improvement in risk appetite to allow for a ‘clean’ reaction to US retail sales on Wednesday."



You May Also Like

Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  3. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  4. US Session: The market left shell-shocked on Draghi
    Forex News

    US Session: The market left shell-shocked on Draghi

  5. EUR/USD back into the bears den, downside wide open
    Forex News

    EUR/USD back into the bears den, downside wide open

Trading Center