Forex Focus on Michigan Consumer Sentiment

In European forex calendar we await the Germany September final CPI figures due at 6:00GMT while the Spain September final CPI figures will come out at 7:00GMT

ECB President Draghi Speech 13ECB Vice President de Guindos Speech 13:30

In Canada, we have the release of Employment Change and Unemployment Rate at 12:30. In the US the Michigan Consumer Sentiment and Michigan Consumer Expectations will be out at 14:00GMT

Oil traders will focus on Baker Hughes US Oil Rig Count due at 17:00:00

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Asian indices are trading higher today; Nikkei is 1.07% higher at 21,782. EURUSD trades 0.09% higher at 1.1015; the USDJPY is 0.05% higher at 108.00 while the AUDUSD is 0.17% higher at 0.6772.

The central bank of China set the Yuan rate (USDCNY) at 7.0727 versus yesterday settlement at 7.0730

Trade tensions between China and US and political turbulence in Capitol Hill will continue to have a significant impact on forex markets. Brexit developments will be the main force that drives Pound.Download our latest quarterly market outlook for our longer-term trade ideas.

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