Daily thread to exchange ideas and to share your thoughts
Happy Friday, everyone! Hope you're all doing well as we get things going here in European trading. It's a mixed bag in trading so far today but the aussie is the lead gainer after a spike higher on the back of news that Scott Morrison is now the new prime minister.
Some market themes to consider:
- Dollar gains overnight fail to see any solid follow through just yet
- Markets looking towards Powell speech (he's not going to offer much IMO)
- European equity futures look flat
- Euro remains supported as key levels in EUR/USD not taken out
- Australian dollar sees some reprieve, will it last?
The last few European sessions have been a dud as summer days continue to reign. Will today be the same? What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
