Trade ideas thread – European session 7 December 2018

  


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 been a bit of a quiet start to proceedings with currencies mainly still ranging as traders are keeping an eye out on the US non-farm payrolls data to come later in the day.

However, we are seeing a bit of a deterioration in risk sentiment over the past hour and once again that will be a key theme in markets for trading later in the day.
ForexLive

  • USD holds steady as traders await payrolls data
  • GBP remains weak as odds are still stacked against May ahead of Tuesday’s vote
  • AUD lags as sentiment towards RBA rate hike sours, poor risk tones in markets

All eyes are focused on the payrolls data to come later but don’t forget that we’ll have some headlines from the OPEC+ meeting in between as well. But even without payrolls, markets have plenty to chew on with the US yield curve inversion and Huawei CFO arrest case being two of the more livelier themes alongside Italy’s budget and Brexit.

What are your views on the market right now? Share your thoughts/ideas with the rest of the ForexLive community here.



Source link