Some data points to move things along but nothing major
Good day, everyone! Hope you're all doing well as we get into European trading later in the day. It's been a decent start to the morning with the dollar and yen seeing light bids across the board although nothing extravagant to say the least. Currencies are still trading in a tight range for the most part but there's a slight hint of risk aversion with equities and bond yields also trading lower.
The session ahead offers little in terms of major economic releases so trading will rely heavily on sentiment and flow once again.
0700 GMT - Spain August final CPI figures
Preliminary figures can be found here. As this is the final release it's not expected to offer much in terms of market reaction.
0800 GMT - Italy July industrial output data
General gauge of factory activity in the Italian economy. Low-tier data.
0900 GMT - Eurozone July industrial production data
Prior report can be found here. A minor data point but one that feeds into overall economic sentiment of the Eurozone.
0900 GMT - Italy Q2 unemployment rate
Q1's release can be found here. A quarterly take on Italy's jobless rate, not a major release by any means.
1100 GMT - US MBA mortgage applications w.e. 7 September
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.
That's all for the European session later. I wish you all the best of days ahead and as always, good luck with your trading!
