A preview of the calendar in European trading later
Good day, everyone! Hope you're all doing well as we prime ourselves for the blockbuster hit which is the FOMC meeting that is to come later in the day. It's been a relatively quiet session in Asia with most major pairs ranging (USD/JPY only 11 pips!), but the big mover is the loonie.
News broke out on reported roadblock being taken out of the way in NAFTA talks, and that provided the impetus for the loonie to make waves on a day where Japanese traders are away.
Anyway, here is what's coming up later in Europe:
0800 GMT - Switzerland February M3 money supply data
Prior figures can be found here. Not a substantial data point by any means.
0930 GMT - UK February claimant count change
0930 GMT - UK January labour market report
0930 GMT - UK February public finances
Prior figures can be found here and here respectively. The other half of the equation after we had inflation figures yesterday. Average weekly earnings 3m/y is expected to improve to 2.6% from prior figure of 2.5%. So, look out for that. As inflation starts to cool down, better wage growth will add more positives to sterling sentiment.
1100 GMT - US MBA mortgage applications w.e. 16 March
Weekly US housing data, measures the change in number of applications for mortgages backed by the MBA during the week. Not the biggest of data points, but a general indicator of the housing sector sentiment.
1100 GMT - UK March CBI trends total orders
The headline is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months. A minor data point, indicator of sentiment more than anything else. Prior reading can be found here.
It's a light one on the calendar today, but all part of things to ease you through until the FOMC meeting later in the day.
I wish you all a great day ahead and as always, good luck with your trading!
