A sleepy start, but if you have a favorite trade idea, feel free to share
The major currency pairs (and crosses) are all within shouting distance of the Friday closes. It's a sleepy start to the week that has the Fed decision on Wednesday as the Main Event.
Goldman Sachs over the weekend reiterated their view that the Fed would be on hold for 2019. The "market" is saying otherwise and the Fed has been reluctant to go all in.
Today, in NZ, the performance services index for May will be released at the bottom of the hour. Last month the index came in at 51.8.
In the US, the Empire manufacturing index will be released at 8:30 AM ET/1230 GMT) with expectations for 11.0 versus 17.8 last month.
The NAHB housing market index for June will be released at 10 AM ET/1400 GMT with expectations for 67 versus 66 last month.
With the FOMC backdrop and a limited calendar, do you have a favorite trade for the day (or the week)?