(MENAFN- DailyFX) TALKING POINTS YEN, US DOLLAR, CHINA, AUSSIE DOLLAR, STOCKS, TURKEY Yen, Franc and US Dollar drop amid broad sentiment recovery Hopes for US, China trade war de-escalation stoking optimism Aussie and New Zealand Dollars, Euro emerge as outperformers The markets' mood brightened in Asia Pacific trade as traders battered by were offered a sliver of . That came by way of news that the latter country's Vice Commerce Minister will travel to Washington to meet a high-level delegation for talks in late August.
Price action was the picture of risk-on recovery. Currencies that rose on the back of deteriorating sentiment the Japanese Yen , Swiss Franc and the US Dollar turned lower in tandem. Meanwhile, standby pro-risk alternatives like the Australian and New Zealand Dollars outperformed. Even the Euro, which has been severely pressured by , managed to find a lifeline.
Looking ahead, a modest offering of second-tier European and US economic data releases seems unlikely to push sentiment trends out of the spotlight. FTSE 100 and S & P 500 futures are pointing firmly higher before the opening bells in London and New York, hinting the upbeat tone has scope for follow-through in the hours ahead. Needless to say however, elevated headline sensitivity threatens the durability of any such move.
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ASIA PACIFIC TRADING SESSION
EUROPEAN TRADING SESSION
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