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Forex Focus on German Ifo

European trading session starts with the French Business climate due at 6:45GMT followed by the German Business Expectations, Ifo Current Business Situation and Ifo Business Climate.

In the American forex calendar the Consumer Confidence index, Richmond Fed Manufacturing Index and Richmond Fed Manufacturing Shipments will be released at 14:00GMT.

In our central baks calendar we have RBA Governor Lowe Speech at 10:05GMT, while ECB Vice President de Guindos will deliver a speech at 12:00.

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During the Asian trading session the Japan Leading Economic Index came in at 93.7, topping forecasts of 93.6 in July, the Japan Coincident Index came in at 99.7 below forecasts of 99.8 in July, while Japan Jibun Bank Manufacturing PMI dipped from previous 49.3 to 48.9 in September, the lowest since June 2016.

Asian indices are trading mixed today, Nikkei is 0.18% higher at 22,118, the Hang Seng adds 0.32% at 26,310. EURUSD trades 0.04% lower at 1.0988; the USDJPY is 0.01% higher at 107.55 while the AUDUSD is 0.06% higher at 0.6774.

The central bank of China set the Yuan rate (USDCNY) at 7.0729 versus yesterday fix at 7.0730.Download our latest quarterly market outlook for our longer-term trade ideas.

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