ORBEX: Investors Brush-Off USMCA Headlines! Softening Dollar?
JGB yields brushed off USMCA headlines yesterday and took a positive turn above the zero mark! JGB's haven't been positive since March 2019!
Is this hinting that investors turn optimistic on global economies? Or just a shot-lived surge own to auction?
Supported by impeachment uncertainty and poor US data yen rose against the greenback yesterday, however, the pound continued sliding on the back of no-deal risks.
Will the US and UK GDP figures change the short-term outlook?
Canadian retails are also due and they could be causing some short-term moves. Will they help loonie strengthen further?
Timestamps
USDJPY 1H 01:30
GBPUSD 1H 04:00
USDCAD 1H 05:40
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Is this hinting that investors turn optimistic on global economies? Or just a shot-lived surge own to auction?
Supported by impeachment uncertainty and poor US data yen rose against the greenback yesterday, however, the pound continued sliding on the back of no-deal risks.
Will the US and UK GDP figures change the short-term outlook?
Canadian retails are also due and they could be causing some short-term moves. Will they help loonie strengthen further?
Timestamps
USDJPY 1H 01:30
GBPUSD 1H 04:00
USDCAD 1H 05:40
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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