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- Money Flow before the start of European trading this morning
Money Flow before the start of European trading this morning
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Loading...A relatively quiet start to the day and overall trade remains suppressed, feeling the coming Christmas and the end of the year over the last few sessions.
The pound registered a decline after the BOE decision - which was generally uninspiring - GBPUSD flirted with 1.30 since the start of the Asian session towards the entry of Euro traders.
Meanwhile, the dollar remains rather mixed, but today's trading ranges are relatively narrow. Therefore, there is currently not much to be noted.
Looking ahead, there is some strong economic data that will drive things, but markets have already almost adjusted to the festive lack of liquidity. Expect the movements to be more choppy and chaotic without following a clearly defined direction.
Today, we have a GDP report in the UK and the US, and this may be breathtaking pounds or dollars for a strong week.
The indices formed new peaks and today seems to be the perfect day for correction. Let us not forget the end of the year as well, in such a period there will certainly be a rebalancing of portfolios and the accumulation of annual profits, which may confuse the plans of retail traders.
Trader Aleksandar Kumanov Read more:
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