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 on the session. It's been a decent start to the day with markets leaning slightly more towards haven flows as we begin the session. Of note, gold is the main beneficiary with Asian markets softer amid protests in Hong Kong on the China extradition bill.
The overall risk mood is also slightly tempered with as US equity futures are lower alongside Treasury yields and that is keeping the yen and franc bid on the session. The dollar remains mixed as trading ranges for the rest of the major bloc remains rather tight.
Looking ahead, the focus of markets will remain on changes in the risk mood before we get US CPI data later on in the day. The latter could potentially bring into focus more chatter about the Fed and rate cuts but I reckon we'll only get a better handle on that on Friday with the release of the retail sales data instead.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
