Economic Data Puts the EUR in the Spotlight, with U.S Stimulus News also in Focus
Earlier in the Day
It’s was a quiet start to the week on the economic calendar this morning. There were no material stats for the markets to consider in the early part of the Asian session.
For the Majors
The Day Ahead:
For the EUR
It’s a relatively quiet day ahead on the economic calendar.
German industrial production figures for December are due out ahead of the European open.
Following some dismal factory order figures, disappointing industrial production figures will weigh on the EUR.
Later tonight ECB President Lagarde is scheduled to speak. Expect any chatter on the economic outlook and monetary policy to also influence.
During the ECB Press Conference, Lagarde had taken a more cautious stance as a result of extend lockdown measures.
At the time of writing, the EUR was down by 0.08% to $1.2036.
For the Pound
It’s a quiet day ahead on the economic calendar. There are no material stats due out of the UK to provide the Pound with direction.
The lack of stats will leave the Pound in the hands of COVID-19 news updates and market risk sentiment on the day.
At the time of writing, the Pound was down by 0.04% to $1.3730.
Across the Pond
It’s a quiet day ahead on the economic calendar.
There are no material stats to provide the U.S Dollar with direction. The lack of stats leaves the market focus on Capitol Hill.
At the time of writing, the Dollar Spot Index was up by 0.05% to 91.089.
For the Loonie
It’s also a quiet day on the economic data front, with no material stats to provide the Loonie with direction.
The lack of stats will leave the Loonie in the hands of market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.07% to C$1.2765 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.