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 the European morning session. It's been a decent start to the session so far with the aussie and kiwi holding up well on optimism surrounding US-China trade talks. Meanwhile, the pound is recouping some of its overnight losses as we move towards MV 2.5 later in the London afternoon.
The dollar is slightly weaker across the board after having posted gains in US trading as markets are generally steady with equities a little higher and bond yields essentially flat on the day so far.
I reckon Brexit headlines and risk sentiment changes will be the two main themes to watch out for today. But there's also the fact that we have month-end and quarter-end trades to account for before the end of the week.
That should keep things choppy alongside the rhetoric of US-China trade talks looking to offset the drop in global bond yields we have seen this week.
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