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
0600 GMT – Monthly GDP data for August in UK
0900 GMT – Euro area industrial production data for August
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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