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US-China trade friction still the risk sentiment focus


USD index lowers slightly in Asian session with some follow through selling on USD earlier after the weak NFP data last Friday. And a higher average weekly earnings pointing for more upside risk on inflation but Powell says the outlook for inflation and economy supporting gradually rise of interest rate have nothing much impact to the market. US-China trade friction still key focal point on risk sentiment. And comments for China studying devaluation of YUAN in response driven the USDCNH to go higher in earlier European session.

Major currencies remains in tight range movement with still weak USD bias. Tomorrow China president Xi speech in Boao will have some attention for market of current trade war risk worry. Today no US data and stock/bond market move will direct the intraday action.


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    At Hantec Global Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.