- Yields remained under pressure from growth fears, seeing the US10Y hit its lowest level since December 2017 at 2.34% and the AU10Y hitting another record low. Copper remains beneath key resistance due to the stronger dollar. US index futures ticked lower.
- Fed’s (usually hawkish) Esther George sees a ‘wait and see approach’ for policy, even though ‘US fundamentals still appear sound’. Citing the slowdown in China, EU and UK as the biggest threat to medium-term growth, George also sees growth decelerating towards 2%.
- Light news today in Asia saw FX pairs trade in tight ranges overall, although JPY is the strongest major which saw USD/JPY touch a 2-day low. GBP/USD pared losses after the UK parliament failed to agree on an alternative Brexit plan last night.
Latest market news
Today 10:14 PM
Today 05:17 PM
Live Trading Webinars
Our interactive webinars, led by our industry experts, come highly recommended and can help provide your trading with the edge it needs.