Earlier in the Day:
It was another particularly quiet start to the day on the economic calendar this morning. There were no major stats from the Asian session to provide the markets with direction.
While there were no stats, the markets responded further to the overnight FOMC projections, statement, and press conference.
For the Majors
The Day Ahead
For the EUR
It’s a busy day ahead on the economic calendar. Prelim September private sector PMIs for France, Germany, and the Eurozone are due out along with Spanish GDP numbers.
Expect the PMIs to draw plenty of interest as the markets look for any further signs of a slowdown in momentum.
At the time of writing, the EUR was up by 0.06% to $1.1694.
For the Pound
It’s a particularly busy day ahead on the economic calendar.
On the economic data front, prelim September private sector PMIs will be in focus. Expect the Services PMI to have a greater impact.
The main event of the day, however, will be the BoE monetary policy decision. With inflationary pressures lingering, will there be any decent to bring the Pound back to life?
At the time of writing, the Pound was flat at $1.3622.
Across the Pond
It’s a relatively busy day ahead. Key stats include prelim private sector PMIs for September and the weekly jobless claim figures.
Expect the jobless claims and services PMI to be the key drivers on the day.
Following Wednesday’s FOMC projections, FOMC member chatter will also influence.
On Wednesday, the U.S Dollar Spot Index rose by 0.26% to end the day at $93.450.
For the Loonie
It’s a relatively quiet day ahead for the Loonie. Retail sales figures for July will be in focus later in the day.
With little else for the markets to consider, expect today’s stats to influence.
At the time of writing, the Loonie was up by 0.01% to C$1.2771 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.