Pretty much a bare calendar day in Europe
Good day, everyone! Hope you're all doing well as we get things underway. The dollar is a little on the back foot so far as once again the PBOC did not weaken the yuan at the fix today, though the reaction in equities hasn't been as dramatic as what we saw yesterday (Chinese stocks are lower at the break). So, let's see if things will liven up later.
The session ahead is pretty much empty in terms of key data - or any data for that matter - so trading today will rely heavily on the ebb and flow of the market.
0630 GMT - Bank of France July industry sentiment indicator
Prior reading was 101. Industrial sentiment has been declining since the start of the year, but this is very much low-tier data. Not expected to produce any reaction in the euro or the market.
1100 GMT - US MBA mortgage applications w.e. 30 July
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.
Yep, that's basically it. I wish you all the best of days ahead and as always, good luck with your trading!
