Asian equity markets followed the US lead from Friday, but we are seeing a little more positivity this morning. There is no significance news out today, although we do have the BoE gov Bailey speaking mid morning.
Once again there is little in the way of significant news due out today. The Chinese are still on holiday so volumes could well be lighter. As I take this early look the European currencies look soft but as we know we can see some quick switch backs post 8am.
As we look through the charts this morning there is a lot of consolidation as the currencies run out of steam. Plenty of patience needed first thing at least.
