Main currencies are wanting quite muted at present, after fairly an indecisive exhibiting yesterday. The greenback weakened in Europe yesterday solely to storm again in US buying and selling. And that comes regardless of a surging run larger in equities, with the S&P 500 up over 2% and Nasdaq up by 3%. Up to now at present, US futures are a lot calmer with S&P 500 futures up 0.1% and Nasdaq futures flat.
As we glance in the direction of the top of the week, the bond market may also stay in focus as outlined here.
Seeking to European buying and selling, we may be in for a extra sideways one doubtlessly. Contemplating the shortage of conviction yesterday, that would spill over to at present as effectively. That particularly contemplating the shortage of key knowledge releases to work with.
We will likely be getting the German Ifo enterprise survey for February however that is not going to be a lot of a sport changer after the PMI knowledge yesterday. The survey ought to simply reaffirm sluggish situations with corporations nonetheless staying hopeful of a turnaround in sentiment because the ECB seems to chop charges within the months forward.
0700 GMT – Germany This fall ultimate GDP figures
0900 GMT – Germany February Ifo enterprise local weather index
That is all for the session forward. I want you all the perfect of days to come back and good luck along with your buying and selling! Keep secure on the market.
