Risk aversion inching off - BMO Capital Markets

By FXstreet.com | 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."



comments powered by Disqus
Related Forex Analysis
  1. NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal
    Forex News

    NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal

  2. GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
    Forex News

    GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals

  3. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  4. USD/JPY recovered from Asian lows at 108.55, but still under pressure
    Forex News

    USD/JPY recovered from Asian lows at 108.55, but still under pressure

  5. EUR/USD Sitting Still
    Investing

    EUR/USD Sitting Still

Trading Center