A Quiet Day ahead of Busy Week Leaves the Majors in the Hands of Geopolitics

The Day Ahead:

For the EUR

It’s a relatively quiet day ahead on the economic calendar. July industrial production figures are due out in the early part of the day.

With the markets having digested production figures from key member states, today’s data should have a muted impact on the EUR.

On the geopolitical risk front, however, expect Brexit and chatter from Beijing and Washington to influence.

At the time of writing, the EUR was up by 0.03% to $1.1850.

For the Pound

It’s a particularly quiet day ahead of a busy week on the economic calendar. There are no material stats due out to provide the Pound with direction.

The lack of stats will leave the Pound in the hands of Brexit and market risk sentiment,

While Brexit chatter from the weekend was of little use for the bulls, talk of a resumption of COVID-19 vaccine trials was positive.

Over the weekend, the news wires reported that Oxford University is to resume clinical trials on its COVID-19 vaccine. Ultimately, however, with Brexit and economic doom and gloom, any upside would likely be limited.

At the time of writing, the Pound was up by 0.23% to $1.2825.

Across the Pond

It’s also a particularly quiet day ahead for the U.S Dollar. There are no material stats due out of the U.S to provide the greenback with direction

With a lack of stats to consider, chatter on TikTok, U.S and China relations, and Brexit will be key drivers.

The Dollar Spot Index was down by 0.16% to 93.183 at the time of writing.

For the Loonie

It’s another quiet day ahead, with no material stats due out of Canada to provide the Loonie with direction.

A lack of stats will leave the Loonie in the hands of market risk sentiment and crude oil prices. OPEC’s monthly report is due out today. We’ve seen crude oil prices suffer of late as a result of demand concerns.

Negative projections on demand would be negative for the Loonie.

At the time of writing, the Loonie was up by 0.14% to C$1.3160 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.


Source link

0 0 voter
Article Rating

S’abonner
Notifier de
0 Commentaires
Commentaires en ligne
Afficher tous les commentaires
Reset Password

Avertissement sur les risques :

Le trading peut vous exposer à des risques de pertes supérieures aux dépôts et ne convient qu’à une clientèle avisée ayant les moyens financiers de supporter un tel risque. Ce site n’est en aucun cas une offre de conseil en investissement ni une incitation quelconque à acheter ou vendre des instruments financiers. Trader le Forex et/ou les CFD’s implique un niveau de risque élevé, et peut ne pas être approprié car vous pouvez subir des pertes supérieures à votre dépôt. L’effet de levier peut être en votre défaveur.

Vous devez être conscient et avoir une compréhension complète de tous les risques associés au marché et au trading. Le site Union-trader.com peut être amené à produire des commentaires d’ordre général sur son site ce qui ne constitue pas des conseils en investissement et ne doit pas être interprété comme tel.

Veuillez recourir aux conseils d’un conseiller financier extérieur. Le site Union-trader.com décline toute responsabilité pour les erreurs, inexactitudes ou omissions et ne garantit pas l’exactitude ou le caractère complet des informations, textes, graphiques, liens ou autres éléments contenus dans cette documentation. Toute information et toute mise à disposition sur le site ont un caractère privé.