A light calendar day to start the week
Good day, everyone! Hope you're all doing well as we move towards the European session ahead. It's been a quiet start for the most part in the currencies space but we have seen the aussie and kiwi - mostly the former - benefit from better risk sentiment to start the week.
It'll be yet another day that will be lacking in terms of economic releases coming up in the European morning, so if anything else we could expect a bit of choppiness and lighter trading to prevail. It'll be all about the ebb and flow as we begin the new week.
In the mean time, just be aware of potential Brexit headlines as well as we move towards the third meaningful vote of May's deal with DUP support looking to be the center of attention since the weekend.
0900 GMT - SNB total sight deposits w.e. 15 March
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
1000 GMT - Eurozone January trade balance data
Prior release can be found here. As we already had German and French data earlier in the month, the overall data here doesn't pack that much of a punch. Acts as a gauge of overall trade sentiment of the Eurozone economy.
1100 GMT - Bundesbank releases its monthly report
Prior report can be found here. The German central bank is going to weigh in on their thoughts about the economy but it is likely things won't change much compared to the last time around. Expected to be a non-event.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!