Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope that you're doing well as we get things going here in European trading. Most currencies are trading tepidly still but the kiwi and aussie have been the two main movers as the day began. The former fell on the back of weak business confidence (lowest in a decade) and is still falling. Meanwhile, the latter is suffering as a result of poor economic data releases as well earlier in Asian trading.
Equities are a little lower but so far this week it has failed to provide any indication for the FX market. The same can be said for bonds in general too. Instead, politics has been the main driver for the most part as we saw with Brexit headlines overnight from Barnier and NAFTA headlines underpinning the loonie too throughout the week.
Much more to come and we'll have a host of data releases to follow in the session ahead so grab yourself a cup of coffee/tea and let's dive right into it! What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.
