A light day on the data docket to kick start the week
Good day, everyone! Hope you all had a great weekend and that you're ready to get things going in the session ahead. The greenback is holding up decently to start the new week but trading ranges remain relatively narrow for the time being.
0900 GMT - SNB total sight deposits w.e. 1 February
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0930 GMT - Eurozone February Sentix investor confidence survey
Prior release can be found here. An indication of investor morale towards the Eurozone economy. While not a major release, it feeds into overall economic sentiment in the region.
0930 GMT - UK January construction PMI
Prior release can be found here. Brexit uncertainty is expected to continue to weigh on the construction sector as well so don't expect much optimism to come from the release here. As Brexit developments continue to be the main driving force of the pound, expectation is for the release here to be rather muted/minimal in terms of impact.
1000 GMT - Eurozone December PPI figures
Prior figures can be found here. A lagging indicator of inflationary pressures in the Eurozone economy. A minor data point.
1000 GMT - Italy January preliminary CPI figures
Prior report can be found here. Not a release that matters all too much given that we already had Eurozone figures as a whole released last week.
A couple of releases on the agenda but nothing of which should influence markets all too much. I wish you all the best of days to come and good luck with your trading! And to our readers who are celebrating, I wish you a blessed Lunar New Year!
