WIKIFX REPORT: Risk-aversion returns to the table ahead of PMIs, central bankers’ speeches

The overall attitude of investors toward a particular security or financial market sours after the rosy start of the week as fears of inflation and growth, especially linked to China, renew the rush flight to safety. Also roiling the mood is the hawkish Fedspeak and chatters surrounding Sino-American tussles, be it relating to trade or Taiwan.

The risk-off mood couldn‘t recall the US dollar buyers but weighed on commodities, as well as Antipodeans. Among them, AUDUSD and NZDUSD dropped the most on softer data while the USDCAD bounced off a two-week low on downbeat crude oil prices, Canada’s key export. Even so, gold remains mildly bid as traders reassess the metals traditional risk-safety status.

While somewhere, BTCUSD and ETHUSD also consolidate the previous day‘s losses on news from eBay and one of. It’ should be noted that multiple top-tier data/events keep the markets cautious with eyes on Feds Powell.

Following is the list of major assets latest performances:

• Brent oil snaps three-day run-up to print 0.80% intraday losses around $112.50.

• Gold rises for the fifth consecutive day, near the fortnight high, up 0.35% daily at around $1,860 at the latest.

• USD Index remains offered around a two-week low, down 0.25% near 101.80 of late.

• FTSE 100 drops 0.30% intraday whereas DAX and EUROSTOXX50 both lose around 0.60% daily by the press time.

• Dow Jones and S&P 500 rose 1.98% and 1.86% while Nasdaq gained 1.59% amid an optimistic US session on Monday.

• BTCUSD remains below $30,000 despite rising 1.0%, ETHUSD also adds 0.50% on a day but fails to regain $2,000.