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 European morning session. It's been a quiet one to start the day so far as key headline are few and far between once again.
However, there are some decent movements in the currencies space as the aussie is seen weaker after the RBA minutes revealed that the central bank is discussing scenarios for rate cuts and that they view any odds of a rate hike in the near-term as being low.
The yen is leading gains although the range remains a tad narrow on the day so far. USD/JPY sits in a 19 pips range but is at session lows currently as price is unable to firmly break above the 112.00 handle still.
Risk sentiment remains rather mixed with Asian equities posting decent gains but US equity futures remain cautiously optimistic while Treasury yields are nearly unchanged as we begin the day in Europe.
The pound will be called into focus later as we'll have the release of the UK labour market report. Meanwhile, expect more focus to be on risk sentiment in the day ahead as we'll have more key earnings releases - BofA, BlackRock, Netflix - still to come.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
