Forex Focus on France Industrial Production and Michigan Consumer Sentiment

Risk returns in the markets after conflicting reports on China and US trade talks. In European trading session traders await the Swiss unemployment rate due at 6:45 while the German Current account balance will be out at 7:00, the France Industrial and Manufacturing production data will e released at 7:45.

In the American calendar, Employment Change, Building Permits m/m and Unemployment Rate data from Canada will be out at 13:30. In US the Michigan Consumer Sentiment and Michigan Consumer Expectations will be released at  15:00.

Crude oil traders will closely follow the Baker Hughes US Oil Rig Count and Baker Hughes US Total Rig Count due at 18:00GMT

In our central bank calendar the FOMC Member Daly will deliver a speech at 16:45, Bank of Canada Deputy Governor Beaudry speaks at 18:30.

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Asian equity indices are trading mixed today; Nikkei is 0.26% higher at 23.391 while the Hang Seng trading 0.75% lower at 27,638. EURUSD trades 0.01% lower at 1.1048; the USDJPY is 0.01% lower at 109.27 while the AUDUSD is 0.25% lower at 0.6880.

The central bank of China set the Yuan rate (USDCNY) at 6.9945 versus yesterday settlement at 7.0008.

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