Trade ideas thread - European session 17 May 2019

Author: Justin Low | Category: News

Daily thread to exchange ideas and to share your thoughts

Happy Friday, everyone! Hope you're all doing well as we begin the European morning session. Currencies are largely quiet for the most part but the yen is inching higher on the back of lingering trade tensions between US and China.

WCRS 17-05
US equity futures and Treasury yields are weaker on the day, helping to underpin the currency as we kick things off. Meanwhile, the pound is slightly on the back foot as cross-party talks look set to end without an agreement and we'll now be looking to count down the days before Theresa May departs from Downing Street.

With little on the economic calendar to wrap up the week, it's still all about the ebb and flow. Right now, US-China trade tensions continue to be the main topic so expect the sessions ahead to be a tug of war between greed and fear once again.

As a reminder, be wary of potential headline risks over the weekend and also if you're in any aussie pairs, do take note that elections are set to take place tomorrow so there's political risk to consider before the close today.

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



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