The financial markets are generally on risk on mode today as Chinese President Xi Jinping’s speech in Boao eased the fear of immediately escalation of trade tension with the US. Nikkei closed up 0.54%, HSI closed up 1.65%. At the time of writing, DAX is up 0.8%, CAC up 0.5% and FTSE up 0.55%. US futures also point to higher open.
In the forex markets, it’s typical in such risk on mode that Aussie and Kiwi are strong while Yen is weak, as seen in the D heatmap. But it also revealed that USD is getting no support from investors’ optimism. And the USD is somewhat dragging down CAD too.
The top movers table revealed pretty much the same picture. In particular, NZDJPY is the among the top 10 across time frame. Both AUDJPY and NZDUSD have their top 10 places in 4H bar overtaken by EUR pairs.
