A Quiet Economic Calendar Leaves OPEC, the Loonie and the Greenback in Focus

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 markets to consider in the early hours, with the Chinese markets closed.

For the Majors

At the time of writing, the Japanese Yen was up by 0.05% to ¥111.000 against the U.S Dollar, with the Aussie Dollar up by 0.28% to $0.7278. The Kiwi Dollar was down by 0.03% to $0.6946.

The Day Ahead

For the EUR

It’s relatively quiet day ahead on the economic calendar. Unemployment figures from Spain are due out in the early part of the European session.

Barring a marked increase, however, the numbers should have a muted impact on the EUR.

At the time of writing, the EUR was up by 0.10% to $1.1608.

For the Pound

It’s a particularly quiet day ahead on the economic calendar.

There are no major stats due out of the UK to provide the Pound with direction. Following last week’s visit to sub-$1.35, market risk sentiment will be the key driver on the day.

Sentiment towards monetary policy will be a factor, however, with news wire chatter of a near-term move by the BoE Pound positive.

At the time of writing, the Pound was up by 0.17% to $1.3569.

Across the Pond

It’s a relatively quiet day ahead. Factory orders for August are due out late in the session.

With little else for the markets to consider, expect plenty of interest in the numbers following upbeat ISM Manufacturing PMI numbers for September.

Away from the economic calendar, news updates from Capitol Hill will also draw interest.

At the time of writing, the U.S Dollar Spot Index was down by 0.08% to 93.610.

For the Loonie

It’s a relatively quiet day ahead for the Loonie. Building permit figures for August are due out late in the day.

Barring particularly dire numbers, however, we don’t expect too much influence from the numbers.

OPEC’s meeting, taking place earlier in the day, however, will move the dial.

At the time of writing, the Loonie was up by 0.22% to C$1.2620 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.