Market Brief: Mild Risk-On From Trade Optimism

29.10.2019


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FX Brief:

  • NZD spiked lower on comments from New Zealand’s Treasury that they suspect S&P may remove their positive ratings outlook. Still, it currently trades just off a 2-day high.
  • US Treasury are considering whether to further delay tariffs on $34 billion in Chinese goods, allowing USD to remain supported on trade optimism.
  • DXY (US dollar index) trades in a narrow range and within yesterday’s bearish candle, AUD/USD hit s 3-day high and USD/JPY briefly touched an intraday 3-month high.
  • AUD and NZD are the strongest majors. All pairs remain well within their typical daily ranges, with the overall average daily range at just 39% of its 10-day ATR.

  • Equity Brief:

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    Matt Simpson and Kelvin Wong both contributed to this article

    Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.

    Original from: www.forex.com

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