Daily thread to exchange ideas and to share your thoughts
Happy Friday, everyone! Hope you're all doing well as we head into the closing stages of the trading week. It's been a lively start to the day so far but most of the moves have come from Asian trading with the aussie and kiwi weakening on the back of the yuan's fall against the dollar.
- JPY leads as risk off sentiment prevails, E-minis down 0.5%
- But risk is recovering a little as E-minis are moving higher in the past hour
- EUR, GBP still trading sluggishly on the session
- CAD slips as oil falls and risk sentiment wanes
- AUD, NZD lags as Chinese yuan falls to lowest level in a decade against the dollar
- S&P ratings review on Italy to come later
- Brexit talks still seen going nowhere at the moment
It's a mixed bag out there but the general theme is that risk is still softer and that's weighing on markets as a whole this session. What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
