FW: [Maybank] AXJs In Consolidative Mode

 

 

AXJs In Consolidative Mode Global Markets Daily by Saktiandi Supaat FX Research Trump's unilateral cancellation of the summit with North Korea's Kim Jung On sparked further demand for safe-haven proxy plays overnight. UST, JPY and gold rallied as a consequence with 10Y UST yield slipping to the 2.95% levels, JPY sent higher towards the 109-handle and gold climbed to above the USD1300/ounce levels. Global equity markets sold off with the Dow down 75 pts overnight. Dollar index remained below the 94-levels. For the AXJs, risks related to Turkey re-emerged ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@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.