Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you’re all doing well as we get into trading session today. It’s been a relatively quiet start to say the least for markets with the two key drivers of sentiment holding rather flat today. Treasury yields aren’t really moving while equities are looking tepid as we begin proceedings. But the lack of a negative rhetoric has so far continued to put the dollar and the yen on the back foot since Asian trading.
- US 10-year yields up 0.4 bps to 3.210%, no imminent breakout higher just yet
- US equity futures flat on the day so far, offering little direction for risk sentiment
- Dollar continues on the back foot after reversing gains in overnight trading
- Yen also lower as markets are generally much calmer to begin the day
Although there isn’t much to be said, the focus of markets remains that on risk sentiment and yields right now. But in and around that, there are the major themes of the US-China trade rhetoric, Brexit, and Italy all at play as well.
What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.