A light mid-week day on the data docket

A light mid-week day on the data docket

Good day, everyone! I hope you're all doing well as we move towards European trading in a bit. The kiwi is leading gains on the day after slightly upbeat CPI figures earlier but in general there is a bit of a risk-on tone in the currencies space despite some indecisive tone among equities to start the day. As a result, the yen is the laggard so far - also the BOJ downgrading its inflation outlook earlier.

The session ahead doesn't have much on the economic calendar but aside from the releases we will also be hearing from BOJ governor Haruhiko Kuroda around 0630 to 0700 GMT.

0745 GMT - France January business confidence

Prior release can be found here. A gauge of confidence levels among businesses towards the French economy. A minor data point.

1100 GMT - UK January 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. Not a major release by any means.

1200 GMT - US MBA mortgage applications w.e. 18 January

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 session ahead. I wish you all the best of days to come and as always, good luck with your trading!