A preview of what is to come in European trading later
Howdy, everyone! Hope you all had a great weekend and are well rested for the new week. The calendar is a light one today, but markets should be kept busy from the trade war rhetoric that is still brewing in the background.
Here's a look at how the major currencies have performed against the dollar so far:
And here is what's coming up on the calendar later in Europe:
0645 GMT - France Q4 final GDP data
The advanced final reading after the second reading here. Not likely to change too much of the optimistic figure that we got the last time around and from the preliminary. A minor data point.
0800 GMT - SNB total sight deposits w.e. 23 March
Your weekly check of the deposits kept at the SNB by Swiss banks. Recent data continues to show that domestic deposits have peaked and is in a declining phase, showing that the SNB is likely making some adjustments in the currency market. This data is a proxy for FX interventions.
0830 GMT - UK Finance February mortgage approvals data
Prior release can be found here. A minor data point. It measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK.
0930 GMT - ECB's Weidmann speaks in the Austrian central bank
Weidmann will be speaking about "New momentum for Europe".
1300 GMT - ECB's Nouy speaks in Brussels
Nouy will be presenting the ECB annual report on supervisory activities in 2017. Not likely to touch on monetary policy.
That's all on the day, a couple of things here and there but not all too important. Later in the day we'll have a host of Fed speakers though. I'll get a primer on that afterwards.
I hope you all have a great day ahead, and as always good luck with your trading!
