Swiss Q2 GDP the only notable item
Happy Thursday, everyone! Hope you're all doing well after a tumultuous North American trading yesterday. Plenty of ups and downs in the market, not least with Brexit headlines being affirmed and denied. Fun stuff, eh? Well, we all have to accept that these things happen and get back on the trading horse. Another day, another opportunity. Think of it that way.
The session ahead isn't going to have much in terms of items on the calendar but that hasn't stopped the fun so far to start September off, no?
0545 GMT - Switzerland Q2 GDP figures
Q1 figures can be found here. Swiss economic growth is expected to improve in the second quarter and that will continue to give the SNB more flexibility when it comes to future policy decisions. The release isn't going to have much of an immediate impact but it builds into the bigger picture of the SNB normalising policy.
0600 GMT - Germany July factory orders data
Prior release can be found here. A gauge of industrial orders in the German economy. Not a major release but one that reflects sentiment towards factory activity in the economy, which has been slowing down as of late.
0730 GMT - Germany August construction PMI
Prior release can be found here. Much like the factory orders, it'll be an indicator of construction activity in the German economy and will feed into overall economic sentiment. Not one to move the euro all too much upon release.
That's all on the calendar for the European session. Things will be a bit more packed tomorrow as we'll also have the US non-farm payrolls to come as we close out the week. I wish you all the best of days ahead and good luck with your trading!
