NY Open: Twenty pounds of headlines
Markets started the day in a confusion of incoming news as ECB chatter met with trade talk updates and US macro data. EURUSD took it on the chin and dropped from 1.1270 to 1.1235.
Saxo Bank head of APAC macro strategy Kay Van-Petersen looks into the continued dominance of US macro in light of last Friday's upside Average Hourly Earnings surprise, as well as the November midterm elections, Sweden, Brazil, and emerging markets.
To download your copy of Van-Petersen's latest Macro Monday update, click here.