Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get things going in the EUropean morning. There hasn't been much change on the day with the dollar leading gains still, particularly against the aussie and kiwi as trading ranges remain rather modest so far.
Equities sentiment is rather flat on the day and that is failing to offer much direction for traders to react upon. The greenback's gains can be seen as a turnaround following yesterday's slightly poor start to the week.
Of note, the aussie and kiwi are the two currencies pressured most but the moves haven't been too overwhelming. Markets are still rather cautious ahead of US-China trade talks this week so that's playing a part in keeping both currencies lower today.
Headlines have been few and far between and trading today will center around the ebb and flow still. It looks like we may be in for a choppy next couple of sessions so I would advise to look towards near-term charts for any potential opportunities. I'm mainly eyeing the euro and yen with that regard.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
