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

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Scalp Webinar: USD Defends Support Slope- Bulls at Risk Ahead of NFP

  2. Forex News

    USD/CAD stronger, flirting with 1.2700

  3. Forex News

    EUR/USD testing lows near 1.0800

  4. Forex News

    Euro Looks at Key Risk - Here is What We’re Watching

  5. Forex News

    EUR/USD maintains a short-term bearish tone – FXStreet

Trading Center