Earlier in the Day:
It is a particularly quiet start to the day on the economic calendar this morning. There are no major stats from the Asian session to provide the majors with direction.
The lack of stats will the Asian markets to respond to Friday’s U.S labor market data for September and news updates from the weekend.
The Majors
At the time of writing, the Japanese Yen was down by 0.03% to ¥111.270 against the U.S Dollar, with the Aussie Dollar down by 0.07% to $0.7304. The Kiwi Dollar was down by 0.29% to $0.6919.
The Day Ahead
For the EUR
It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.
With no material stats due out, industrial production figures from Italy will have greater influence than usual.
At the time of writing, the EUR was up by 0.01% to $1.1570.
For the Pound
It’s also a particularly quiet day ahead on the economic calendar.
There are no material stats due out of the UK to provide the Pound with direction.
While there are no stats to consider, hawkish central bank chatter from the weekend may provide support. On Saturday, Monetary Policy Committee member Saunders talked up the prospects of a near-term rate hike.
At the time of writing, the Pound was up by 0.02% to $1.3618.
Across the Pond
It’s a quiet day ahead, with no major stats for the markets to consider.
Geopolitics, central bank chatter, and concerns over the impact of inflation on growth and monetary policy will likely be key focus areas.
At the time of writing, the U.S Dollar Spot Index was up by 0.07% to 94.131.
For the Loonie
It’s a particularly quiet day ahead for the Loonie, with the Canadian markets closed at the start of the week.
With no stats to consider, the Loonie will be in the hands of crude oil prices and market risk sentiment on the day.
At the time of writing, the Loonie was down by 0.02% to $1.2474 against the U.S Dollar.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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