Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get things going here in the session. First off, I'd like to apologise for the slightly slower updates today as we're experiencing some unforeseen technical difficulties that is affecting our working capacity at the moment. Hopefully they'll be resolved soon enough.
Anyway, it's been a rather quiet start to proceedings so far with risk sentiment still looking tepid. Asian equities are unable to pull off a substantial rally despite the recovery in Wall St overnight as US equity futures still look skittish as we begin the new day. As a result, the yen is among those benefiting from the tepid sentiment here.
European equities are set to open a little higher but mostly because they experienced a rough day yesterday prior to the recovery in US stocks; very much a catch up play there.
The dollar is mixed but mostly a little lower against the rest of the major bloc once again. The greenback did pull off a decent recovery overnight but ranges over the past week have been rather subdued as markets are still pondering how to go about things ahead of next week's FOMC meeting.
With the Brexit deal vote pulled, the focus for the pound now turns to Theresa May's meeting with European leaders in hopes that she will be able to seek legal assurances to fix an end-date to the backstop.
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
