European Session: Risk Rally Continues on Strong Chinese Data





G10 Advancers and Decliners vs USD
GBP 0.17
EUR 0.13
CHF 0.08
JPY -0.18
Risk correlated trades continue to appreciate and are showing no signs of weakening. In fact, there are fundamental reasons why the rally should continue. First, several Fed officials suggested that the Fed is still not close to shifting its policy stance. Fed Presidents Lockhart, Yellen and Rosengren, in particular, sounded wary on the economic recovery, even as they recognized the significance…

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