As the first day of the Trading Week commences, the focus of the Forex, Commodities and Indices Markets are all on China’s expansion. The Yuan traded near the highest level in eight months with GDP expanding at a better than expected 6.9%. In the US, though Trump’s Poll approval ratings still rank below 50%, majority of Americans are feeling optimistic about realizing their own career and financial ambitions, with most also expecting the stock market to end the year higher.
Markets remain mixed during the London Session Monday, as the second round of Brexit talks commenced in Brussels this morning. Investors have their eye on GBPEUR, with the Euro being in favor. Anticipation is also high for ECB’s Draghi speech later this week, on Thursday.
Potential Catalysts Today (Wall Street Session)
New Zealand CPI (QoQ) (Q2) 6:45PM ET
Australia RBA Meeting Minutes 9:30PM ET