Slight risk off sentiment before ECB event

Jarratt Davis

Special Consultant to the FPA
Sentiment update for the New York trading session, 8th March 2018

During today's London session, markets have remained relatively quiet given the lack of tier 1 data or news of note.

USD continues to remain supported by global trade war concerns easing after White House reports that Canada and Mexico, and possibly other countries may be exempt from the steel and aluminium tariffs.

Elsewhere, commodity-based currencies have been weighed on by weakness in commodities with copper prices down almost 1.5% on the day due to the stronger USD.

Visit our new academy and browse the latest analyses, market moving news; expand your market knowledge with our common forex articles.