The ECB is on the agenda today. I don't envision a particularly volatile event, although a continuation of the 'limited further cuts narrative' should see the EUR supported, particularly given growing thoughts of a US / EUR trade deal.
All in all, with the S&P still climbing, I continue to hold the view that 'risk on' trades are viable, especially since the announcement of the US / JAPAN trade deal. It's just a case of choosing whether to short the JPY or USD.
In other news, 'soft' SERVICE PMI data from the UK puts a little more pressure on the BOE to cut rates, arguably creating a GBP short 'catalyst' trade for anyone at the charts in that moment.
Also, a relatively hawkish speech from the RBA'S BULLOCK, keeps the AUD high on my 'to long list'.
All in all, with the S&P still climbing, I continue to hold the view that 'risk on' trades are viable, especially since the announcement of the US / JAPAN trade deal. It's just a case of choosing whether to short the JPY or USD.
In other news, 'soft' SERVICE PMI data from the UK puts a little more pressure on the BOE to cut rates, arguably creating a GBP short 'catalyst' trade for anyone at the charts in that moment.
Also, a relatively hawkish speech from the RBA'S BULLOCK, keeps the AUD high on my 'to long list'.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.