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 European trading. It's been a quiet start to the session in terms of headlines and market moves have been few and far between as well. But with key UK data set to come, there could be some livelier action in the hours ahead before US trading comes in and the focus turns to equities once again.
- Kiwi leads after better-than-expected inflation data
- Pound positions itself higher ahead of the UK labour market report to come
- Yen stays relatively weak as US equity futures, Treasury yields inch higher
There isn't any heavy focus on other major market themes as of yet with Italy having just submitted their draft 2019 budget to the European Commission and Brexit talks still in wait-and-see mode ahead of the EU Summit in Brussels tomorrow.
If anything, watch out for the performance of the US cash equity market later for further clues on risk sentiment in markets. What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
