A light session on the cards as we close out the week
Happy Friday, everyone! Hope that you're all doing well as we get into European trading later. It's been quite a lively start to the new trading day with the focus being on risk and the yuan. The former isn't really helping risk assets and is helping fuel bids in the yen while the latter is further exacerbating the woes in the aussie and kiwi as we move along.
The session ahead will be a little quiet in terms of economic data releases but it's all about sentiment right now in markets so data is secondary nonetheless.
0600 GMT - Germany November GfK consumer confidence
Prior release can be found here. The reading measures the level of consumer confidence in economic activity. A minor data point but after the soft data readings this week, further softness in German economic sentiment will not be too encouraging for euro traders.
0645 GMT - France October consumer confidence data
Prior release can be found here. Low-tier data but it's all part and parcel of what contributes to Eurozone economic sentiment.
0645 GMT - France September PPI figures
Prior figures can be found here. Not a major release by any means as this is a lagging data point and only acts as a proxy for inflationary pressures. We already had CPI figures earlier in the month so the release here doesn't matter all too much.
That's all for the session ahead. Looking to North American trading, we'll have the US Q3 advance GDP reading so that will be the key release to watch out for later today.
I wish you all the best of days ahead and as always, good luck with your trading!
