Economic data coming up in the European session
A preview of what's on the calendar for today's European trading session
Howdy, everyone! Hope you all had a good weekend. All ready for the new week? It's a quiet one today, but there's going to be some big data points along the week as we also have the BOJ and ECB decisions due. Anyway, let's just ease into things today shall we?
0800 GMT - Switzerland Dec M3 money supply y/y growth
Not a market mover, but recent trend has shown that the figure has been rising over the past two years. Prior reading was +4.4% y/y, compared to the 2015 low of 1.3%.
0900 GMT - SNB total sight deposits w.e. 19 January
Your weekly check of the deposits kept at the SNB by Swiss banks. This data point used to matter a bit more post-EUR/CHF floor removal, when people were looking for signs of intervention by the SNB - but now it's a moot data point more or less.
1100 GMT - Germany's Bundesbank monthly report
May contain some comments on the Eurozone economy as well as some message related to the ECB. Unlikely to be a surprise, but good to take note in case.
That's all for today. It's been a quiet session so far in the last few hours, let's hope that European traders can kick some life into things later.
As always, have a good day ahead and good luck with your trading!