Forex Markets Focus in European Manufacturing PMI’s and US Factory Orders

Forex markets starting the week in positive mood ahead of France Manufacturing PMI due at 8:50GMT, Germany Manufacturing PMI will be out at 8:55GMT, Eurozone manufacturing PMI will be released at 9:00GMT. Swiss Total Sight deposits will be out at 9:00GMT while the UK construction PMI is due at 9:30.

In American forex calendar the ISM-NY Business Conditions Index and ISM-NY Current Business Conditions at 13:45. Factory Orders m/m will be out at 14:00GMT

In our central bank calendar, ECB’s Hernandez is speaking at 8:00 in Madrid. Christine Lagarde will deliver her first speech at 20:30 in Berlin.

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Asian equity indices are trading higher today; Nikkei is closed today while the Hang Seng trading 1.42% higher at 27,485. EURUSD trades 0.03% higher at 1.1168; the USDJPY is 0.10% higher at 108.27 while the AUDUSD is 0.09% higher at 0.6918.

The central bank of China set the Yuan rate (USDCNY) at 7.0437 versus yesterday settlement at 7.0533.Download our latest quarterly market outlook for our longer-term trade ideas.

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