Germany and France final CPI figures for March on the agenda
Good day, everyone! Hope you're all doing well as we get ready for the European morning session ahead. The aussie is slightly lower on the day after federal elections are called for 18 May but most major currencies are holding on to gains from overnight trading against the dollar. The euro got shunted lower overnight from Draghi's dovish comments but rebounded after. Overall, there wasn't anything new to take away from the ECB yesterday.
The session to come has little going in terms of economic data releases so expect trading to still center around the ebb and flow. Brexit headlines will continue to make headway after the EU agreed to an extension to 31 October, with certain conditions attached.
0600 GMT - Germany March final CPI figures
Preliminary figures can be found here. As these are final readings, they're not expected to produce much - if any reaction - unless they heavily skew from initial estimates.
0645 GMT - France March final CPI figures
Preliminary figures can be found here. Much like the German reading above, these are final estimates so they're likely to just confirm the current inflation outlook in the region i.e. slightly softer pressures for the time being.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!
