Trade ideas thread - European session 12 July 2021

Author: Justin Low | Category: News

Daily thread to exchange ideas and to share your thoughts

The dollar is keeping steadier to start the new week, with commodity currencies a little softer but nothing that stands out all too much just yet.

Equities are taking a bit of a breather after the big bounce on Friday with 10-year Treasury yields keeping calmer at around 1.35% currently.

It seems like the market is still feeling a bit of a hangover after the final of the Euros yesterday, so that might set up for a bit of a typical summer trading day.

There's much more to follow later in the week and I'll be keeping a watchful eye on the loonie with the BOC policy meeting set to follow on Wednesday.

With CAD/JPY now back above its 100-day moving average, a more hawkish BOC could be the trigger for the pair to springboard higher in the weeks ahead - that is should bond yields find its footing as well during the interim.

What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.

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