US data eyed
Plenty of data set for publication today from around the world, with traders eyeing data from the US.
The EURUSD weakened slightly overnight after opening at $1.09794. The pair edged up to $1.09894 before falling to lows of $1.09613 mid-session. The euro rallied off those lows, peaking at $1.10000 late in the day. It fell again, giving up most of its earlier gains, to its current level of $1.09721. The GBPUSD was more subdued but still ended the session lower. The pound opened the week at $1.23039 and lifted to a high of $1.23366 early in the day. It began a slow slide shortly afterwards, hitting lows of $1.22860 mid-session. It came off those lows but fell again and is now trading at $1.22887.
The Dow opened the week rather flat in what was a timid Monday trading session. The index began the week at 26,396.53 and dipped to a low of 26,381.83 in the opening hour. It remained steady throughout early and mid-session trading, before climbing to a high of 26,657.75 late in the day. It has come off that high and is now trading at 26,484.16. The Dax made a solid start to the week after opening at 12,028.94. The German index weakened early, dipping to lows of 11,962.88. It climbed off those lows, heading to a high of 12,138.60 before closing at 12,078.54.
The day ahead sees the publication of a stack of data, with the US coming into focus. The US will be publishing PPI & Core PPI data later tonight, which will be keenly watched by traders. The PPI figure is expected to show a 0.1% growth in prices (in line with the previous reading), while the Core PPI figure is forecast to show a growth of 0.2% (down slightly from the 0.3% recorded at the last reading).
Other data published today includes:
China – Caixin Services PMI
Canada – Housing Starts, Building Permits
Australia – NAB Business Confidence, ANZ Job Advertisements
UK – BoE Governor Mark Carney and MPC Members Andy Haldane & Silvana Tenreyro speak
Japan – Current Account, Average Cash Earnings, Household Spending, Economy Watchers Sentiment
US – IBD/TIPP Economic Optimism, Fed Chair Jerome Powell and FOMC Member Charles Evans speak
Europe – Italian Retail Sales, French Trade Balance, German Industrial Production, Swiss Unemployment Rate
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