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Economic data to come in the European session

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A few flashes to get things done

All of this before arriving at US CPI data later today. With inflation being a key factor in the market right now, this will be one to watch.

For now, the dollar remains more mixed and slightly weaker overall, with USD / JPY retreating slightly from 113.60 to 113.45. This comes as long term yields fell significantly in trading yesterday, but the trend remains intact.

As such, just beware that we could still see further weakness in bonds and the yen, with USD / JPY targeting 114.00 next and CAD / JPY continuing to have a stellar performance in recent weeks. , challenging year highs @ 91.17-19.

There will be a few posts to get things done in Europe, but nothing will really impact the ebb and flow of things until US CPI data emerges to provide the next catalyst for a move. key to the market perhaps.

0600 GMT – Germany – Final September CPI figures

The preview version can be found here. The final report is expected to simply reaffirm the skyrocketing annual inflationary pressures in Germany last month, although base effects are still a key consideration amid the 2H 2020 reduction in VAT and energy prices.

0600 GMT – Monthly GDP data for August in UK

The previous version can be found here. UK economic output is estimated to improve decently in August, but overall will remain rather lukewarm towards the latter stages of the third quarter. With supply chain disruptions and labor shortages persisting, this continues to weigh on the outlook and are also issues that persist into the start of the fourth quarter.

0900 GMT – Euro area industrial production data for August

The previous version can be found here. Eurozone factory output is estimated to have declined in August, although this is a slightly lagging data point at this point.

1100 GMT – US MBA Mortgage Applications October 8

The US Weekly Housing Data measures how the number of applications for MBA-backed mortgages has changed over the week.

That’s all for the upcoming session. I wish you the best of the days ahead and good luck in your trading! Stay safe there.

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