Forex Focus on German Industrial Production

The European trading session starts with traders focus on German Industrial Production due at 6:00GMT, the France trade balance will be released at 6:45GMT.

 

In the American forex calendar we have from Canada the CMHC Housing Starts at 12:15GMT and Building Permits m/m due at 12:30GMT. In the US we have the PPI m/m and Core PPI m/m due at 12:30GMT.

 

In our central bank calendar, the BOE’s Tenryro and ECB’s Lane both speak at 9:30GMT while Fed Chair Powell will deliver a speech at 18:30GMT.

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During the Asian trading session, China’s Caixin Composite PMI came in at 51.9 in September from 51.6 in August.

 

Australia business confidence came in at 0 the previous reading was 1 while the business conditions came in at 2 from the previous reading of 1. The Japan Household spending for August came in at +1.0% y/y above expectations of -1.0%.

 

Asian indices are trading higher today; Nikkei is 1.16% higher at 21,621. EURUSD trades 0.01% higher at 1.0980; the USDJPY is 0.14% higher at 107.39 while the AUDUSD is 0.26% higher at 0.6750.

The central bank of China set the Yuan rate (USDCNY) at 7.0726.

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