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 European trading today. It's been a bit of a quiet start to proceedings with the dollar leading the way after some light moves in Asian trading and the aussie is lagging after Q3 GDP disappointed.
All of that comes after US yield curve inversion worries sparked fears of a recession and weighed on stocks overnight. The negative risk sentiment is carrying over to European trading today but with US markets closed, there doesn't look to be any strong follow through.
Currencies are taking all of this in stride though with the dollar instead recouping losses overnight after Fed's Williams provided some more hawkish comments ahead of the FOMC meeting this month. And the greenback is still leading the charge here with other major currencies still stuck in a narrow range on the day so far.
It's going to be a rather mixed day for markets as traders will be looking for a theme to latch onto and so far there isn't a clear one apart from a mild bid in the dollar. With US markets off in trading today, liquidity is expected to be thin so we could yet be in for more of a rangy kind of day.
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.