Germany's Ifo business survey the only notable release
Good day, everyone! Hope that you're all doing well as we move towards the session ahead. Risk is the major topic to start the week following the moves we saw on Friday. Germany's abysmal manufacturing sector data snowballed into a rally in bonds and general risk-off sentiment and Asia is reeling in that sentiment.
The session ahead doesn't have much in terms of data releases but look out for more Brexit headlines to come about as enter a crucial week that could determine Theresa May's future as UK prime minister.
0900 GMT - SNB total sight deposits w.e. 22 March
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0900 GMT - Germany March Ifo business climate index
Prior release 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. Not a major release by any means but after the manufacturing PMI miss on Friday, any further deterioration in German data will help to keep risk sentiment on the back foot at the very least.
That's all for the session ahead. There's also a couple of central bank speakers to follow but I'll put them up in a separate post. I wish you all the best of days to come and good luck with your trading!
