Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope that you're all doing well as we get things going here in the session. It's been a relatively lackluster one to begin proceedings to say the least as markets are once again digesting the equities selloff overnight and the mixed tone sent by US futures to start the day. Not to forget, we also have the ECB meeting later and that's keeping the euro sidelined for the time being.
- GBP leads after Theresa May emerges unscathed from meeting with Tory lawmakers
- CAD extends gains following BOC decision to drop "gradual" approach
- European equities trade lower, E-minis a little higher on the day (+0.2%)
- NZD lags following poor data, weaker sentiment
The focus prior to the US cash equity market open will be on the ECB and whether or not Draghi will adopt a more cautious approach with stocks on edge, Italy's budget situation still in question, and global trade tensions continuing to drag down the Eurozone economic outlook. Do you think Draghi will make a 'play on words' today? Or will he stick to the script as we saw in the last meeting?
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
