Given the close to empty calendar day in Europe, it ought to arrange for a quieter session. Broader markets are more likely to maintain consolidating following yesterday’s strikes, as we await the US CPI information on Thursday.
The bond market stays a key space of focus. 10-year Treasury yields are nonetheless holding above 4% however nonetheless conserving beneath the 200-day transferring common of 4.046% for now. So, that is not leaving a lot room to work with in the intervening time. As such, the greenback is consolidating features as famous here.
Tomorrow cannot come quickly sufficient. That is seemingly going to be the appear and feel for buying and selling right now, barring any shock headlines.
1200 GMT – US MBA mortgage purposes w.e. 5 January
That is all for the session forward. I want you all the very best of days to return and good luck together with your buying and selling! Keep protected on the market.
