UK labour market report to come but it's still all about Brexit for the pound
Good day, everyone! Hope you're all doing well as we gear towards European trading in a couple of hours. The dollar is holding softer as we begin the session with markets beginning to eye the FOMC meeting tomorrow. Expectation is that we could likely see the Fed stick on a dovish path and adjust lower its dot plots projection.
Looking ahead, there isn't too much on the economic calendar once again so expect trading sentiment to largely be dictated by the ebb and flow as well as events to come in the days ahead.
0700 GMT - Switzerland February trade balance data
Prior release can be found here. A look at trade conditions in the Swiss economy, which is somewhat reflective of the overall Eurozone region as well. A minor data point.
0930 GMT - UK January average weekly earnings
0930 GMT - UK February ILO unemployment rate
0930 GMT - UK February jobless claims change
Prior release can be found here. Wage growth remains somewhat solid over the past few months but that will matter little for the pound with Brexit still engulfing the UK landscape. I wouldn't expect traders to focus too much on this as Brexit headlines could easily swing price one side or another.
1000 GMT - Germany March ZEW economic sentiment survey
Prior release can be found here. A gauge of current conditions and expectations towards the German and Eurozone economies. Not a major release by any means but feeds into the overall sentiment surrounding the region.
That's all for the session ahead. There won't be much on the North American trading calendar as well so expect markets to pay more attention towards the FOMC meeting tomorrow if anything else. I wish you all the best of days to come and good luck with your trading!
