Daily thread to exchange ideas and to share your thoughts

Good day, everyone! Hope you're all doing well as we get the session underway. It's been a quiet start to the morning so far with little movement across the currencies space. The only notable action has come from equities but that hasn't translated into anything meaningful in other asset classes.

The swissie leads the way as equities are weaker on the day while the kiwi is lagging as markets continue to sit on edge with trade tensions between US and China anticipated to escalate later in the day.

Some market themes to consider:

  • Trade rhetoric dominates landscape, markets awaiting possible US tariffs decision
  • Will the strong swissie prompt a response by the SNB later this week?
  • Brexit rhetoric still in play as May set to meet with EU leaders on Wednesday
  • NAFTA talks postponed, still very much in limbo
  • Dollar holds firm above key support level (100-day MA), awaits further direction

What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.