European pre-market: Major currencies keep the calm

Author: Justin Low | Category: News

It is all about the anticipation ahead of the US-China trade deal signing

WCRS 15-01
Major currencies are little changed in general as narrow ranges continue to prevail with traders keeping their attention on the US-China trade deal signing later today.

The pound is a little higher but cable still rests in a 29 pips range on the day, settling above the 1.3000 handle for now. Later in the day, we will have UK inflation data for December so that will be a risk event for the pound to be mindful of.

US futures are a tad lower, though the mood is more indicative of some weariness after hitting all-time highs earlier in the week. Risk in general is keeping more steady as all eyes turn towards the key risk event in Washington at 1630 GMT.

In the meantime, we can expect markets to adopt a much calmer mood in the European morning session today before hopefully finding more direction in US trading later.

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