Earlier in the Day:
It was another particularly quiet start to the day on the economic calendar this morning. There were no major stats to provide the markets with direction in the early hours.
The Day Ahead
For the EUR
It’s a busy day ahead on the economic data front. Prelim private sector PMIs for France, Germany, and the Eurozone will be in focus through the European session.
Expect plenty of EUR sensitivity to the numbers. We have seen some disappointing economic data of late. Weak numbers would further test support for the EUR.
At the time of writing, the EUR was up by 0.01% to $1.1772.
For the Pound
It’s a busy day ahead on the economic calendar. Prelim private sector PMIs for July and retail sales figures for June will be in focus.
Expect the UK’s retail sales and services PMI to be the key drivers. The markets will be looking to assess any damage from the upward trend in new COVID-19 cases.
At the time of writing, the Pound was flat at $1.3768.
Across the Pond
It’s a relatively busy day ahead on the economic calendar. Prelim private sector PMIs for July will be in focus late in the day.
The services PMI will be the key driver.
On Thursday, the Dollar Spot Index rose by 0.07% to end the day at 92.822.
For the Loonie
It’s a relatively quiet day ahead on the economic calendar. Retail sales figures will provide the Loonie with direction late in the day.
At the time of writing, the Loonie was down by 0.01% to C$1.2564 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.