FX remains range bound despite strong risk sentiment : vimar

FX remains range bound despite strong risk sentiment


5/6/2021 8:20:56 AM GMT
Equities were mostly higher yesterday, on cautious optimism over company earnings reports, with a clear divergence between the Dow Jones Index and the Nasdaq Comp as investors and money managers rotate away from growth and technology stocks and buy value driven and Dow components, as prospects for rising rates increase.
FX staying range bound and choppy. Risk sentiment remains strong in the face of any short-term negative headline shocks. The economic data globally is strong despite some tighter restrictions in parts of the world, but traders are beginning to look toward Friday's jobs report for April. Economists expect the data to show employers hired 988k workers.

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