Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get things going here in the European morning session. It's been a slow start to proceedings with markets mostly settling into a bit of a mixed mood as currencies remain mostly rangebound on the session.
Equities are performing slightly better but Treasury yields are mostly flat - a tad lower - so that's not really giving market participants much to work with at the moment. That's helping to see the dollar hold steady while the yen is holding a little weaker.
The two main themes right now are still global trade tensions and prospects of the Fed cutting rates in the coming two months. While they are somewhat intertwined, we'll have US data to navigate through during the week to provide more of a clue for the latter theme. In my view, retail sales data on Friday will be the more critical one to watch.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.