10 Jul 2015
Expect headline risk to be significant next week – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, shares the investor sentiments and the outlook for risk into the next week.
Key Quotes
“With investor sentiment improving (note firmer UST/bund yields at the long end) and commodities retracing slightly, the FXSI (FX Sentiment Index) softened while still remaining in Risk-Off territory on Thursday.”
“The IMF’s downgrade of 2015 global growth forecasts notwithstanding, expect sentiment to remain slightly positive into the end of the week with Greece appearing to be finally be toeing the line after its international creditors called its bluff earlier in the week. Expect headline risks to be significant at the onset of next week.”
Key Quotes
“With investor sentiment improving (note firmer UST/bund yields at the long end) and commodities retracing slightly, the FXSI (FX Sentiment Index) softened while still remaining in Risk-Off territory on Thursday.”
“The IMF’s downgrade of 2015 global growth forecasts notwithstanding, expect sentiment to remain slightly positive into the end of the week with Greece appearing to be finally be toeing the line after its international creditors called its bluff earlier in the week. Expect headline risks to be significant at the onset of next week.”