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 session ahead. It's been a calmer start to the day after the risk rebound yesterday, with major currencies keeping more steady for now.
The aussie is mildly higher after the Australian Q4 CPI data saw inflation hold more steady towards the end of last year, but still under the RBA target band of 2-3%.
RBA rate cut expectations for next week pared back a little and the movement in the rates market is seeing the kiwi pushed a little lower on the narrowing of the AU-NZ OIS spread.
Apple earnings was another key event as it provides a positive backdrop ahead of other tech earnings releases later in the day. That will be the key factor pushing risk amid continued concerns surrounding the coronavirus outbreak.
Looking ahead, markets will have to deal with risk, earnings and the Fed today so be sure to keep the focus on that to gauge trading direction in the day ahead.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
