What you need to know to start your day

• A risk-off mood is dominating markets, boosting safe-haven assets.
• Dovish central bankers weigh on currencies.
• The calendar is packed with top-tier events including NFP hints.

Here is what you need to know to start your day:

– Markets are dominated by a risk-averse mood. US 10-year yields are below 2% and  USD/JPY  is under pressure.
– Gold has reached new highs at $1,437, also enjoying safe-haven flows.
– EU leaders have nominated IMF MD Christine Lagarde to lead the ECB. She will likely continue Draghi’s easing policies and may call governments to do more.
– The pound is under pressure after BOE Governor said that they will reassess the “sea change” in the global economy as a result of trade tensions. UK Services PMI will be closely watched after Construction PMI fell to the lowest in 10 years.*
–  AUD/USD  is holding up close to the highs amid upbeat Australian building approvals and a broad trade balance surplus.
– Oil prices are falling despite the OPEC-non-OPEC decision to extend production cuts.
– Bitcoin and other cryptocurrencies have recovered with BTC/USD topping $11,500.
– A busy day awaits traders with critical hints toward Friday’s Non-Farm Payrolls. These include the ADP NFP, jobless claims, and the ISM Non-Manufacturing PMI.