The currency markets are generally calm while we move towards the American session on Tuesday. All G10 currencies are being negotiated in a relatively adjusted range, with the exception of the GBP, which is low performance due to the publication of weaker national employment data. The markets are waiting for a catalyst while the US and China continue their second day of conversations in London, and preliminary reports seem constructive, says Shaun Osborne, Strategist Chief of currencies of Scotiabank.
USD consolidated in silence while the markets await the resolution of the conversations USA/
“The waiting pattern is evident in most asset markets, since we notice a consolidation adjusted in the future of US Variable Income in new local maximum from the German 10 -year bonus is fading towards the lower end of its recent range and moving towards 2.50%. “
“In raw materials, oil prices are well supported since the WTI ignores the recent developments of the OPEC and concerns about the excess supply driven by Saudi Arabia to extend its recovery above 65 $/bbl and reach new local maximum Defined its price action since it reached its historical maximum in April. “
“In terms of data, the Publication of Optimism of small NFIB businesses of the US delivered a better recovery than expected, registering its first m/m gain after a constant series of deterioration since December. The US calendar Wednesday.”
Source: Fx Street
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