Daily Morning Call
From the Floor: Is the 'Goldilocks trade' returning? — #SaxoStrats
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A relatively restrained Federal Reserve and the rebirth of risk sentiment could see traders pile back into the 'Goldilocks trade' says Saxo Bank head of FX strategy John J Hardy.
• Risk sentiment returns, USD rally starts to fade
• Risk sentiment returns, USD rally starts to fade
• Friday Fed report received as dovish on lack of labour shortage concern
• JPY strong on flows, rally aided by falling bond yields
• Asian stocks extend Friday rally, Nikkei up by 1.4%
• Political uncertainty in Italy could see bond yields spike