It was a relatively quiet start with mixed sentiment of the new week, except for the Swiss spike (caused by low liquidity) at the beginning.
There was not much of a big moves, and the USD/JPY is close to testing at 110.00 again.
In the session ahead of us, Britain’s Gross Domestic Product report for the last quarter of last year is the big release, but it will hardly tell us anything that we do not know already – the country’s economy continues to experience uncertainty about Brexit.
In worse than expected results, we may see a decline in the pound, but the weak performance of the country in the last quarter is a well-known fact. Brexit’s uncertainty continues to cast a shadow over the economy, so I expect even if the pound gets sold after the news right away to be brought back in the next few hours.
European stock indices begin the session with a cautious decline due to the low liquidity and the lack of catalysts that arouse the interest (and optimism) of investors.
UKX: 7,095 -16 points
DAX: 10,933 -21 points
CAC: 4,979 -9 points