Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get into the European trading session today. It's been a relatively quiet start with major currencies still trading range-bound for the most part. The dollar is a little weaker in the last hour but the move isn't anything substantial thus far. Meanwhile, the aussie lags behind as a result of cross-selling against the kiwi as the latter popped higher on the back of better-than-expected Q2 GDP figures.
Some market themes to consider:
- Equities and bond yields are more or less flat, offering little direction
- Currencies remain tepid with dollar bulls' resolve called into question again
- SNB and UK retail sales in focus for the swissie and the pound
- Brexit headlines take a breather but expect more volatility to come still
- And it's still all about the 100-day MA: EUR/USD, GBP/USD, DXY
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
