Daily thread to exchange ideas and to share your thoughts
Happy hump day, everyone! Hope you're all doing well as we get things going here in the session. It's been a bit of a quiet start to proceedings so far with major currencies still trading narrowly for the time being.
The focus so far has been on risk after Huawei's Meng was granted bail and Trump made some optimistic comments on trade with China. But with the release of the US November CPI data to come later, traders aren't really getting too ahead of themselves just yet. That is leaving risk assets holding on to the handbrake still before confirming any run to the upside.
Meanwhile, European traders are basically awaiting for what appears to be an imminent leadership contest in the UK. The pound is holding steady so far on the day as markets are awaiting fresh developments to come from Westminster.
Aside from that, expect focus to start shifting towards central bank meetings with the SNB and ECB to kick things off tomorrow before markets will turn towards the Fed next week.
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.