Trade ideas thread - European session 21 June 2019
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 on the session. It's been a modest start to the day with markets still digesting the aftermath of the FOMC meeting on Wednesday for the most part.
The dollar is mixed against the major currencies bloc as it posts gains against the likes of the franc, yen and kiwi while is trailing against the euro after some better-than-expected PMI survey figures from France and Germany earlier.
There's talk of profit taking from the Fed decision ahead of the weekend but for the most part, markets are generally sitting tight with US equity futures near flat levels now - recovering earlier losses - and Treasury yields are beginning to creep higher following declines seen in Asia Pacific trading.
It's a bit of tricky one to wrap up the week, with gold also sinking towards session lows now after having earlier breached the $1,400 level. There's still plenty for markets to digest as the focus starts turning towards next week's Trump-Xi meeting in Osaka.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
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