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Risk Assets

US Manufacturing Data Due

The US dollar has had a subdued start to the week with the index trading roughly flat over the European morning on Monday. The main focus today will be the release of the ISM Manufacturing data for November. If the index is seen to have remained in contractionary territory last month, this could be firmly negative for USD. The USD index trades 98.27 last, having recovered some of the declines posted late on Friday.

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Lagarde In Focus

EURUSD is still capped by the 1.1024 level today, with price trading 1.1014 last. This level continues to be a key pivot for the pair which has been sold over the European morning so far on Monday. ECB’s Lagarde speaks later today and traders will be keen to receive further insight into her views on the Eurozone economy and monetary policy outlook.

GBP Under Pressure

GBPUSD has started the week on a soft footing, slipping down to 1.2908 as of writing. T...

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