Daily thread to exchange ideas and to share your thoughts
Happy Monday, everyone! Hope you're all doing well as we get things going here on the new week. It's been a really quiet one in terms of headlines so far and there isn't much on the economic calendar today to really move things along.
That said, currency movements have been modest thus far with the dollar holding a little weaker in the European morning. The euro is testing waters above the 1.1300 handle against the greenback, with a possible short squeeze working its way since last week.
Meanwhile, the pound continues to hold steady in light of absence of Brexit headlines/progress and the kiwi is holding firm on cross flows against the aussie. Risk sentiment is looking subdued as we begin the European morning with stocks and bond yields mostly near flat levels.
The loonie is the laggard for the time being as oil prices are holding a little weaker. Oil is down 0.5% currently after Russia suggested it could work on challenging the US for market share than cooperate further on the OPEC+ deal over the weekend.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
