SaxoTV

Hardy: Looking to the US to see if appetite for risk is back on

601 views
February 16, 2016 2016, china, currencies, currency, ecb, ecb president mario draghi, eur, european central bank, eurusd, fear, february, forex, forex markets, forex trading, fx, fx markets, fx strategy, fx trading, fxf, john hardy, john j hardy, mario draghi, mario draghi ecb, market, markets, monetray policy, risk appetite, risk off, risk on, saxo, saxo bank, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo capital markets, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, saxotvs, trade, trade idea, trader, traders, trading, trading fx, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom, uncertainty, us markets, usd, yuan
The markets moved on fresh dovish rhetoric from ECB President Mario Draghi, says Saxo Bank’s John Hardy. But the question is whether it will prove to be a temporary shift in risk appetite or a sign of real change?

Hardy points to the fact that the statements made by Draghi in the European Parliament coincided with a move from the Chinese authorities to boost the yuan. Fears over devaluation of the Chinese currency have been one of the main reasons for the risk-off sentiment in the markets since the start of the year.

With US markets closed on Monday, Hardy says he wants to see a full US session to confirm where risk sentiment is heading.