Market insights

Slew Of Power Packed Data Ahead

Earlier in the week there was little in the way of scheduled news.

That was made up for with big global news stories such as the Canadian election, and Spanish power outages.

Interestingly neither story had any real impact on either GBP/CAD or GBP/EUR.

The markets, at the moment, seem to be in a general recovery phase.

Sell offs tend to be aggressive and steep in nature, whilst the recovery back up is more gentle.

The charts for GBP/EUR or even the FTSE 100 show that clearly in recent weeks.

So the big question is whether the recovery will continue.

Possibly fair to say that that is contingent on what comes out of the White House next.

Today is Eurozone GDP information, German inflation, American employment change and US personal income and spending numbers.

Without a global news story, it's these reports that could drive market movement today.

However it doesn't stop there.

Tomorrow is the Bank of Japan interest rate decision, Australian trade balance and US manufacturing data.

A real slew of data.

Business news remains thin with a nod towards the new Canadian PM, Mark Carney, doing a bit of sabre rattling towards the US over tariffs.

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Economic calendar

EUR: 10:00 GDP Report

GER: 13:00 Inflation Report

US: 13:15 ADP Employment Change

US: 13:30 Personal Income and Expenditure

JPN: Thursday BoJ Interest Rate Decision

AUS: Thursday 02:30 Trade Balance

US: Thursday 15:00 ISM Manufacturing PMI

As ever we look forward to keeping you in the loop and look out for our next update.

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