Next 24 hours: Month End Portfolio Rebalancings Not USD Friendly
Today’s report: Risk correlated markets turn down
Optimism around a US-China trade deal has been scaled back in a big way since the weekly open. This has invited downside pressure in the equity markets, while softer China PMI reads are adding to the deterioration in sentiment. On the FX front, the Pound continues to outperform on the significant reduction in tail risk associated with Brexit. read report