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Risk appetite dominates again - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Valeria Bednarik, chief analyst at FXStreet explained that the American dollar attempt to comeback this Tuesday, but was unable to sustain its gains, particularly against the EUR and the JPY, as risk aversion dominate the financial world.

    Key Quotes:

    "Poor Japanese data sent the Nikkei nose diving at the beginning of the day, as the BOJ finally acknowledged that easing economic policies are not enough. European equities plummeted, fuelled by tepid EU Services and Composite PMI figures, showing growth decelerated by the end of the first quarter of the year. Also, German factory orders fell 1.2% in February, although retail trade in the EU increased 0.2% monthly basis, and 2.4% compared to a year before.

    In the US, data came in mixed, as the trade balance deficit widened to $47.06B, whilst total jobs opening in February reached 5.445M, slightly below expectations. The Markit services PMI surged to 51.3, while the ISM non-manufacturing PMI printed 54.5, the highest in three month. In balance, data were pretty encouraging, but not enough to revert the negative tone of the greenback."
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