US equities closed higher yesterday following the second US presidential debate and as oil prices went higher. Asia was not so positive this morning although overall the major equity indices there manifested mixed perfromances. We like to look at equity performance as a gauge of overall market sentiment.
In the forex markets the USD continued to garner strength with only one negative day in the last 7 trading days. This morning was no exception as the greenback attempted Friday’s highs, the US dollar index (DXY) is currently at 97.03 up 1.6% so far for the current month.
The bloodshed for the GBP continued, as the cable continued to sell off as it’s Brexit futures worries investors. GBPUSD is currently at 1.2323 down over 4% so far for the current month. The GBP was also weaker against the euro this morning, the currency pair is currently trading at 0.9034 as the GBP sheds 4% here as well.
Later in today’s economic docket we have the reults of the EZ Zew survey, but other than that markets are likely to be driven by sentiment in the absence of other higher impact economic data for the day.
