The Dollar is holding slightly firmer across the board, but technical data indicates there is a lot to play in what will be a blockbuster week in the markets. Stocks are looking quite pensive and the mood is somewhat mimicked by the bond market, which could create a tense and choppy affair in European trading today.
All eyes are on the major risk events from tomorrow, so we are unlikely to see any firm directional moves in the meantime unless market participants have the appetite to go hunting. positions in future sessions.
The UK’s monthly GDP for October is the only notable release for today and despite an estimated positive reading it won’t offer much as recession risks are still high heading into next year .
0700 GMT – Monthly UK GDP data for October
09:00 GMT – Total SNB sight assets Wed 9 December
That’s all for the upcoming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.
3 – After eliminating Portugal with a 1-0 victory, Moroccan goalkeeper, Yassine Bounou, becomes the first African goalkeeper to record three clean sheets in a single edition of the World Cup.
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