Will Data and Central Bank Speakers Change Market Focus

Risk-off sentiment prevails as US-Iran tensions escalate, while investors await US Core PCE data and central bank speakers to gauge the trajectory of USD and EUR/USD.

Key Takeaways

• 1.Geopolitical risks, specifically the US-Iran conflict, have triggered risk-off trading, impacting oil prices and G10 currencies.
• 2.Market attention is shifting to US Core PCE data (expected 3.3% YoY) and multiple central bank speeches (Fed and ECB) for policy direction.
• 3.USD/JPY is approaching the critical 160 level, raising the likelihood of further intervention by the Japanese Ministry of Finance.

Table of Contents

• Asia overnight
• Will data and central bank speakers change market focus?
• JPY: once again testing the MoF's patience
• AUD: mixed data on domestic demand
• NOK: overgrown?
• Introducing RMA!
• Open trade recommendations
• Key events
• FX Research advanced tools
• Global Markets Research contact details

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial