Market sentiment tentatively improves – Lloyds Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Lloyds Bank, suggests that some positive risk sentiment returned to the markets over the past week, with equities and the US dollar staging a tentative recovery.

    Key Quotes

    “This seems to have been helped by soothing comments from China’s central bank Governor that there was no motive to depreciate the yuan. There had been fears that China was lining up much sharper currency devaluation.

    The minutes of the last US Federal Reserve meeting on 26/27 January reaffirmed that policymakers now anticipate a slower pace of tightening, meaning that a March hike, at least, is now unlikely. Brent crude oil also stayed above $30/barrel, helped by a preliminary agreement between some of the major producers to freeze oil production, although a wider deal, notably with Iran, has yet to emerge.”
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