TenkoFX - Analytics

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Risk-off should be holding the upper paw - ANZ

Research Team at ANZ, suggests that a three-peat (three nights in a row) with markets continuing to recover/lift following the knee-jerk reaction to Brexit.Key Quotes“Most are pointing the finger at reassuring nuances from central banks and BoE’s Carney did not disappoint overnight. One wonders though how much month/quarter/half-year end flow is distorting market moves. So while we may see another day of volatility compression, with a long weekend approaching in the US, there is little good news from Brexit and that means risk-off (the bears) should be holding the upper paw.”



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