Daily thread to exchange ideas and to share your thoughts
Happy Monday, everyone! Hope you're all doing well as we get things going here in the European trading session. It's been a decent start to the session so far but the usual suspects are at it again in markets.
- US equity futures are lower by around 0.5%
- Global equities are weaker to start the week, Treasury yields a little lower as well
- The negative tones across markets is helping the yen and swissie stay bid
- Dollar a little on the back foot, no haven bids once again like last week
- Pound weighed lower as Brexit negotiations stall ahead of Wednesday's summit
Once again, of note is that despite the weaker sentiment in equities there is no notable haven flows going into the dollar and that does say quite a bit on dollar sentiment as talked about here on Friday. As mentioned earlier today, markets are still carrying over the same trading themes from last week and for the sessions ahead, watch out for the S&P 500 close once again.
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.