Likely to be a slow and steady start to the week
Happy Monday, everyone! Hope you all had a great weekend and that you're ready to get things kicking in the new week. It's been a relatively quiet start to proceedings so far after an action-packed Friday which essentially highlighted how much the pound is affected by Brexit risk still.
The calendar day ahead doesn't promise much and with Japanese and Chinese markets off on holiday it doesn't look like we'll be getting any major moves ahead of early European trading too. But always be prepared for the unexpected, you can never go wrong by staying vigilant.
0800 GMT - SNB total sight deposits w.e. 21 September
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0800 GMT - Germany September Ifo business climate index
Prior report can be found here. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.
1000 GMT - UK September CBI trends total orders, selling prices
Prior release can be found here. 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.
Also to come later on at 1300 GMT, ECB president Draghi will be speaking in Brussels at the ECON Committee Meeting. He will be discussing views on the Eurozone economic and monetary perspectives with members and will also cover two topics proposed by the committee, being "Abundant liquidity and banks' lending activity: An assessment of the risks" and "Central bank communication at times of non-standard monetary policies".
That's all for the European session today. I wish you all the best of days ahead and as always, good luck with your trading!