The major currencies retain the calm tone of the morning, all of which are traded in a narrow range for the time being. The overall risk of sentiment remains stable after Friday’s extremely strong US employment report.
Looking ahead to the session, there is not a lot of important economic news that can move the balance in the markets.
But things are sure to get worse as the week progresses, as there will be far more economic catalysts, as well as central bank meetings (Fed, SNB, ECB), as well as UK elections and the US-China tariff deadline.
For today, I expect positive trade to prevail, of course, if all the fronts remain quiet.
Trader Aleksandar Kumanov