Technical Analysis

A packed calendar day coming up in Europe

China is the main story to focus on so far this week and that has seen the risk mood be the key driver dictating trading sentiment in markets. All of that will continue with the Covid control press conference coming up later at 0700 GMT.

The dollar is on the softer side after a solid showing in US trading yesterday but I can’t help but feel month-end flows are also in the works, making it tough to really read into push and pull over the past few sessions. There will be a host of economic releases coming up in Europe to add to the mix, with German inflation one to watch for the euro.

0800 GMT – Spain November preliminary CPI figures
0800 GMT – Switzerland Q3 GDP figures
0930 GMT – UK October mortgage approvals, credit data
1000 GMT – Eurozone November final consumer confidence
1000 GMT – Eurozone November economic, industrial, services confidence
1300 GMT – Germany November preliminary CPI figures

That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.

75 – Brazil’s 1-0 win over Switzerland was their 75th match won on the World Cup stage, the most by any country.

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