Daily thread to exchange ideas and to share your thoughts
Isn't it just neat when a new month begins on a Monday?
Anyways, the market is keeping calm and relatively steady for the most part with equities holding up and US futures seen up a touch while the dollar is also keeping its advance from Friday after pushing higher amid month-end trading.
EUR/USD and USD/JPY are two interesting pairs to watch with the former eyeing back the October lows near 1.1525 while the latter is pushing back above 114.00 and taking a peek at the October highs around 114.47-70.
The latter will be a key spot to watch from a technical perspective for yen pairs as the bond market also draws much interest once again with the yield curve flattening still.
That will arguably be a major focus as we get into key central bank meetings later in the week featuring the RBA, Fed, and BOE.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
