Analysts at ANZ explained that the one theme that has continued to support market sentiment over recent months (notwithstanding the odd bout of volatility of course) is that the global economy has been in a solid and synchronised upswing.
"Growth has accelerated in a number of regions. However, with recent PMI figures rolling over a little in Europe (off high levels) and the latest US retail sales figures weak (perhaps pointing to consumption fatigue at a time when saving rates have deteriorated), we need to be mindful to the possibility that the cycle is perhaps looking tired.
For markets, upside inflation surprises will no doubt present challenges going forward. But if joined by a more mixed growth picture, that would be a double-whammy."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.