A light one on the data docket today The yen is leading gains while the likes of the aussie and kiwi are sitting weaker on the day so far. Looking ahead, the risk mood will remain a key factor.
data are actually looking better than we expected; and we can even say they are the best in the last few years. In terms of annual growth rates, they are even better than any time since the global economic crisis. Basically, our growth forecast for 2017 this year has ended but the data are still coming in.
Economic data coming up in the European session. Wed 28 Aug 2019 04:16. be key in driving trading sentiment so keep your eyes and ears peeled for more potential trade headlines during the session.
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Later in the trading day, just prior to the Asian trading hours coming to a close, the European session takes over in keeping the currency market active. This Forex trading time zone is very dense, and involves a number of key financial markets. London takes the honour of identifying the parameters for the European session.
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Economic data coming up in the European session German CPI data in focus today Treasury yields and equities are holding slightly weaker, lending to some strength in the yen and the franc. Meanwhile, the kiwi is dragged lower after slipped to an 11-year low earlier today.