It's a quiet start to the new day though we are seeing some light moves now in the major currencies space. The dollar is marginally weaker with USD/JP
It’s a quiet start to the new day though we are seeing some light moves now in the major currencies space. The dollar is marginally weaker with USD/JPY easing back towards 130.00 while the aussie and kiwi are looking to hold key upside breaks amid the more positive risk mood from US trading yesterday.
This chart in the S&P 500 remains a pivotal one to watch in my view, in a week where broader markets have not much else to focus on in the run up to the Fed next week.
As mentioned yesterday, we could a combination play between a more positive risk breakout alongside some dollar weakness – given the technical considerations in play. Looking ahead, PMI data will be a focus in Europe and that might impact the euro depending on any notable misses or beats.
0700 GMT – Germany February GfK consumer sentiment
0700 GMT – Switzerland December trade balance data
0745 GMT – France January business confidence
0815 GMT – France January flash manufacturing, services, composite PMI
0830 GMT – Germany January
flash manufacturing, services, composite PMI
0900 GMT – Eurozone
January
flash manufacturing, services, composite PMI
0930 GMT – UK January
flash manufacturing, services, composite PMI
1100 GMT – UK January CBI trends total orders
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.
news.google.com