Some releases to move things along but nothing notable
Good day, everyone! Hope you're all doing well as we get into European trading later. Trump is back and already causing a stir in markets. As a result, the dollar is weaker across the board as he starts shifting attention to Powell and the Fed's rate hike policy. Let's see if European traders will carry on with the moves here in the session ahead.
0600 GMT - Switzerland July trade balance data
Prior release can be found here. Not a major data point by any means, one that highlights trade conditions in the Swiss economy.
0700 GMT - Switzerland July M3 money supply data
A general gauge of broad money in the Swiss economy, not a major data release by any means.
0830 GMT - UK July public sector net borrowing and finances
Prior report can be found here. One for the fiscal watchers but in terms of how this will impact the pound, it's not going to be of any significance.
1000 GMT - UK August CBI trends total orders
Readings above 0 indicates optimism while below indicates pessimism. The headline is a survey on manufacturers to rate the level of volume for orders expected during the next 3 months. An indicator of factory output/activity on the month, a minor data point.
That's all for the session. I wish you all the best of days ahead and as always good luck with your trading!
