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Forex Focus on EU Consumer Confidence and US Durable Goods Orders

European forex trading session starts with the  German Import Price Index at 6:00GMT, followed by French PPI and CPI data at 6:45GMT. Eurozone Consumer and economic confidence dropping in at 9:00GMT.

In American forex calendar the PCE Price Index m/m, Core PCE Price Index m/m Personal Spending m/m, and Durable Goods Orders m/m are all due at 12:30GMT.  The Michigan Consumer Sentiment and Michigan Consumer Expectations will be released at 14:00.

Crude oil traders await the Baker Hughes US Oil Rig Count due at 17:00.

In our central bank calendar, we have the speech from Bank of England Saunders in Barnsley at 7:00GMT, ECB’s Guindos and Knot speaking in Frankfurt at 7:15GMT.

Asian indices are trading lower today, Nikkei is 1.17% lower at 21,789, the Hang Seng is 0.28% lower at 25,961. EURUSD trades 0.01% higher at 1.0920; the USDJPY is 0.08% lower at 107.74 while the AUDUSD is 0.19% higher at 0.6761.

The central bank of China set the Yuan rate (USDCNY) at 7.0731 versus yesterday fix at 7.0729.

Brexit developments, trade tensions and political turbulence in Washington will continue to have a significant impact on forex markets.Don’t miss a beat! Follow us on Telegram and Twitter.

Download our latest quarterly market outlook for our longer-term trade ideas.

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