A couple of light releases on the day
The dollar is trading little changed for the most part as major currencies are still keeping in a narrower range going into European morning trade.Invest in yourself. See our forex education hub.
EUR/USD is sticky close to 1.1600, keeping within a 13 pips range so far today, so there isn’t much firm direction so far with US futures also looking more tepid for now.
The yen is a notable gainer though but it comes after a slight fall in trading yesterday, as USD/JPY is trading around 113.90 levels at the moment.
Looking ahead, there are some light releases to follow in European morning trade but none of which should really offer much of a shakeup to the market landscape.
The inflation debate and risk sentiment are still two key factors at play for now before we focus in on the loonie ahead of the BOC policy meeting later in the day.
0600 GMT – Germany November GfK consumer confidence
0600 GMT – Germany September import price index
0645 GMT – France October consumer confidence
0800 GMT – Eurozone September M3 money supply data
0800 GMT – Switzerland October Credit Suisse investor sentiment
1100 GMT – US MBA mortgage applications w.e. 22 October
Weekly US housing data, measures the change in number of applications for mortgages backed by the MBA during the week.
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.