Analysts at ANZ explained that risk sentiment was shaky overnight, with trade tensions gathering steam. Key Quotes: “Global equities fell with declines in Europe around 1 ½% and US stocks off about 0.5%. Commodity prices were hit, with the CRB index down 3%. Treasury yields fell while a policy rate hike by the Bank of Canada to 1.5% saw the Canadian yield curve flatten.” “The US dollar firmed against all in the G10 with AUD and NZD hit the hardest. Emerging market currencies were also on the back foot with a notable depreciation in the renminbi, with USD/CNH reaching 6.72 level (up 1%). Oil fell sharply despite stronger inventories, driven by the stronger dollar, reports that Libya is reopening ports, trade fears, and the possibility of the US allowing some country exemptions to Iran’s oil sanction. WTI is down over 4%% and Brent is close to 6% lower. Gold dropped 1.0%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Stopped-out of USD/JPY short – TDS FX Street 3 years Analysts at ANZ explained that risk sentiment was shaky overnight, with trade tensions gathering steam. Key Quotes: "Global equities fell with declines in Europe around 1 ½% and US stocks off about 0.5%. Commodity prices were hit, with the CRB index down 3%. Treasury yields fell while a policy rate hike by the Bank of Canada to 1.5% saw the Canadian yield curve flatten." "The US dollar firmed against all in the G10 with AUD and NZD hit the hardest. Emerging market currencies were also on the back foot with a notable depreciation in the renminbi, with USD/CNH reaching… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
