A preview of the calendar in European trading today
Howdy, everyone! Hope you all had a good weekend and that you’re all ready for the new trading week to begin.
Anyway, here’s what is coming up later in European trading today:
0900 GMT – SNB total sight deposits w.e. 16 March
Your weekly check of the deposits kept at the SNB by Swiss banks. Recent data continues to show that domestic deposits have peaked and is in a declining phase, showing that the SNB is likely making some adjustments in the currency market. This data is a proxy for FX interventions.
0900 GMT – Italy January industrial production data
here. A minor data point, offers general industrial sentiment in the Eurozone’s third largest economy.
1000 GMT – Italy January trade balance data
here. Not all too important, as the key ones were Germany and France figures which were released last week already.
1000 GMT – Eurozone January trade balance data
1000 GMT – Eurozone January construction output data
here respectively. For trade balance, we already had France and Germany figures already so the data here shouldn’t contain too much of a surprise and it won’t be a market mover. Construction output data is a minor one, and gives a general gauge of sentiment in the Eurozone more than anything else.
1100 GMT – Bundesbank releases monthly report
here. Expect more of the same to come from Buba.
That’s all for the European session today. But don’t forget we also do have the start of the G20 meeting later in Buenos Aires, Argentina.
I wish you all a great day ahead and as always, good luck with your trading!