Upcoming economic data in the European session | Business News Today

Upcoming economic data in the European session

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Not much in Europe once again

This week’s business sentiment seems to have a lot to do with ebb and flow as the market continues to take in the latest economic developments (supply bottlenecks, energy crisis) and the inflation debate for the most part.

The hardest to understand is the bond market, as yields have edged lower in recent days with 10-year Treasury yields hovering below 1.53% today, below the 1.63% high at the beginning of the week:

It is tempting to attribute this to flows and I would say part of it is up for grabs this week, but it will be interesting to see how the market takes all of this in the coming weeks and if there is anything else in the last few moves.

Dollar bulls also remain more tentative as such, but the yen pairs continue to show strong appetite for a further breakout from a technical perspective. In the latter, it is sometimes difficult to fight the lists and this can be one of those cases.

Looking at Europe today, economic releases won’t matter too much once again, so stay tuned for risk sentiment and technical data for more clues.

0645 GMT – Final figures for the French CPI in September

The preliminary report can be found here. The final report should simply reaffirm a similar trend across the region, where price pressures are expected to increase towards the fourth quarter.

0900 GMT – Eurozone August Trade Balance Data

The previous version can be found here. General trading conditions should improve as a trend over time as the recovery gradually recovers globally from the pandemic.

That’s it for the session ahead. I wish you the best in the coming days and good luck with your operations! Stay safe out there.

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Upcoming economic data in the European session

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