FW: [Maybank] Slight Recovery in Risk Sentiment

 

 

Slight Recovery in Risk Sentiment Global Markets Daily by Saktiandi Supaat FX Research USD rebound stalled, following a late surge in US equities into Fri's close. A look at correlation coefficient between DXY and US equities showed that USD is inversely correlated to S&P500 (coeff of -0.53) – this reinforced our point that USD is trading as if it's a safe haven play. Sustained rebound in S&P E-mini contract could continue to weigh on USD. This week's key focus on US CPI data (consensus +2% y/y) – a key indicator to watch to see if inflation picks up. A confirmation of ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.