US data rounds out the week
Plenty of data scheduled for publication today as we conclude another busy week.
Major currency pairs were rather flat overnight, unsure of which direction to go. The EURUSD started the day at $1.09413 and lifted to $1.09646 early in the day before slipping to $1.09216 mid-session. The euro then climbed to a high of $1.09669 late in the day but then fell to lows of $1.09077 shortly before the close. It has come off those lows slightly and is now trading at $1.09219. The GBPUSD opened at $1.23451 and edged up to a high of $1.23805 early in the trading day. It slid from those highs to bottom-out at $1.23012 mid-session. It remained rather flat for the rest of the day and is now trading at $1.23258.
The Dow fell slightly overnight after opening the day at 26,991.25. The index slid early in the day before lifting to a high of 27,073.06 mid-session traded near those levels for a few hours but then dropped to lows of 26,814.19 late in the day. It has come off those lows and is now trading at 26,854.34. The Dax performed strongly overnight, brushing off an underwhelming Dow. The German index began the day at 12,248.56 and dipped to lows of 12,215.98 early in the day. It bounced off those lows marched its way to a high of 12,239.45 late in the day. It has slipped from those highs and is currently trading at 12,289.35.
The day ahead sees the release of data from the US which will be important to keep an eye on. The US will be publishing Core Durable Goods Orders data later tonight. The expectation is for a growth in orders of 0.2%, up from -0.4% recorded from the last reading.
Other data published today includes:
UK – MPC Member Michael Saunders speaks
Europe – German Import Prices, French Consumer Spending & Prelim CPI
US – Personal Spending, Durable Goods Orders, Core PCE Price Index, Personal Income, Revised UoM Consumer Sentiment & Inflation Expectations, FOMC Member Randal Quarles speaks
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