Daily thread to exchange ideas and to share your thoughts
Happy Friday, everyone! Hope you're all doing well as we get into the European trading session. It's been a bit of a lively start to the trading day so far with the dollar and yen continuing to gain against the rest of the major bloc following the FOMC meeting overnight. Equities sentiment remains soft so far today and that is weighing on yen pairs as we begin the session.
- JPY leads as Asian stocks slip, E-minis down 0.1%
- European equities are also lower as they begin trading
- USD still reaping the benefits of the Fed its reiterating commitment to rate hikes
- USD also correcting higher after midterm election results are as expected
- GBP lags as November Brexit deal hopes continues to fade
It's looking to be a session that will be dominated by risk and the dollar but look out for key risk events to come as we have UK Q3 preliminary GDP figures set to be released at 0930 GMT as well as US PPI figures to come later in the trading day.
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
