Daily Morning Call

From the Floor: Risk appetite reawakens — #SaxoStrats

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Risk appetite has recovered further in financial markets after last week's flight to safety triggered by the fiery exchange of words between Donald Trump's US and North Korea. Core bonds have slipped, and demand for safe-haven gold has cooled.

  • Risk appetite recovers after last week's flight to safety on North Korea fears
  • Demand for bonds and gold has weakened
  • Focus in gold market is on reducing exposure: Hansen
  • Short-term support for gold seen at $1,272/oz and $1,267 /oz
  • Oil finding support, with WTI in $47-50/barrel range
  • FOMC minutes could hold key for USD direction