Daily thread to exchange ideas and to share your thoughts

Happy Valentine's Day, everyone! Hope you're all doing well as we get things going here in the session. It's been a decent start to the new day so far with risk currencies benefiting the most from increased optimism surrounding trade talks in Beijing.

Daily thread to exchange ideas and to share your thoughts

The kiwi and aussie are leading gains, particularly after suggestions that Trump is seeking to extend negotiations and the tariffs deadline by 60 days. Apart from that, Germany managed to narrowly avoid a technical recession as Q4 GDP growth flat-lined. That didn't impact the euro all too much as the dollar continues to hold weaker on the day across the board.

The yen is also pressured as we begin the morning as risk assets continue to stay buoyed that trade talks will take a turn for the better in the coming days.

Looking ahead, expect markets to focus heavily on risk and as such, risk currencies and yen pairs will be among the more active ones as we wait on trade developments. Meanwhile, we'll have retail sales data in the US at 1330 GMT to provide more clues for dollar direction.

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