Trade ideas thread - European session 16 May 2019
Daily thread to exchange ideas and to share your thoughtsHappy Thursday, everyone! Hope you're all doing well as we get things going here on the session. It's been a quiet one in terms of headlines so far and there is very little on the economic calendar to really shake things up.
However, markets remain more cautious as the US announced fresh sanctions against Huawei, raising concerns about escalating tensions between themselves and China. That is helping to keep the yen underpinned as US equity futures and Treasury yields are weaker to start the new day.
Meanwhile, the aussie is the laggard after some sluggish data and as traders eye political risks ahead of the election over the weekend. The softer risk mood isn't really helping either, as that is also weighing on the kiwi.
Looking ahead, it's going to be very much a battle of risk sentiment as we look to close out the week. There isn't much notable data left to really dictate key market moves so expect traders to focus on sentiment more than anything else over the next two days.
As such, be wary of more headlines that could trigger or ease tensions between US and China as that remains the hot topic of the week.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.