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A Quieter Economic Calendar Leaves the EUR and the Pound in Focus

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·2-min read
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Earlier in the Day:

It was a particularly quiet start to the week on the economic calendar this morning. There were no major stats for the markets to consider in the early hours.

For the Majors

At the time of writing, the Aussie Dollar was up by 0.05% to $0.7470, while the Kiwi Dollar was down by 0.06% to $0.7153. The Japanese Yen was down by 0.05% to ¥113.560 against the U.S Dollar.

The Day Ahead

For the EUR

It’s a relatively busy day ahead on the economic calendar. German business sentiment figures for October will be in focus ahead of the European open,

With the ECB in action on Thursday, expect increased sensitivity to the numbers as inflation continues to be a major bugbear.

At the time of writing, the EUR was flat at $1.1643.

For the Pound

It’s a quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.

While there are no stats to consider, Monetary Policy Committee member Tenreyro is scheduled to speak later in the day. With monetary policy uncertainty continuing to swing the Pound, expect market reaction to any forward guidance.

At the time of writing, the Pound was up by 0.05% to $1.3762.

Across the Pond

It’s a particularly quiet day ahead. There are no material stats due out of the U.S to provide the Dollar and the broader market with direction.

The lack of stats will leave chatter from Capitol Hill and sentiment towards FED monetary policy to provide direction.

At the time of writing, the U.S Dollar Spot Index was down by 0.01% to 93.637.

For the Loonie

It’s also a particularly quiet day ahead for the Loonie, with no material stats to provide direction.

The lack of stats will leave the Loonie in the hands of crude oil prices and market risk sentiment in the week.

At the time of writing, the Loonie was down by 0.03% to C$1.2370 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire

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