Earlier in the Day:
It was a particularly quiet start to the day on the economic calendar this morning. There were no major stats for the majors to consider, leaving the markets to respond to the overnight inflation figures from the U.S.
The Day Ahead
For the EUR
It’s another relatively quiet day ahead on the economic data front. Industrial production figures for the Eurozone will be in focus later today.
In spite of some disappointing numbers from German last week, a fall would weigh on the EUR.
At the time of writing, the EUR was up by 0.01% to $1.1740.
For the Pound
It’s a particularly busy day ahead on the economic calendar. Prelim 2nd quarter GDP numbers are due out along with industrial and manufacturing production figures.
Expect the 2nd quarter GDP and manufacturing production figures to be the key stats of the day.
Business inventory numbers and trade data are also due out but should have a limited impact on the Pound.
At the time of writing, the Pound was up by 0.01% to $1.3870.
Across the Pond
It’s a relatively busy day ahead on the economic calendar.
Wholesale inflation and weekly jobless claims will be the key stats of the day.
In the wake of the impressive nonfarm payroll figures, a marked fall in claims would support a Dollar breakout. Inflation figures from Thursday have delivered some uncertainty for the markets on what lies ahead for the FED. An impressive fall in jobless claims would reignite talk of a near-term move by the FED.
At the time of writing, the U.S Dollar Spot Index was down by 0.04% to 92.8880.
For the Loonie
It’s yet another particularly quiet day on the economic calendar. There are no material stats due out of Canada to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment and the IEA’s monthly report on the day.
At the time of writing, the Loonie was down by 0.06% to C$1.2512 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.