Gold Silver Reports (GSR) – Economic Data Coming up in the European Session 13 July 2018 — Equities in general are doing well, with the Nikkei leading gains up by 2% currently – and that’s continuing to keep yen pairs underpinned ahead of European markets open. There isn’t much on the data front to change the trading landscape so today it’ll be all about the ebb and flow – with Trump being in the UK, that should make for some fun headlines later on (not that it already hasn’t).
✅ 0600 GMT – Germany June wholesale price index
Prior release can be found here. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and retail pattern. A minor data point.
✅ 0700 GMT – Spain June final CPI figures
Preliminary readings can be found here. As these are final figures, not expected to produce any impact unless the figures skew from the preliminary estimates by quite a margin.
✅ 0715 GMT – Switzerland June producer and import prices
Prior report can be found here. General gauge of inflationary pressures in the Swiss economy, which has been improving modestly since 2016. Nothing much here, just an additional support to the CPI figures.
✅ 1130 GMT – BOE member Jon Cunliffe speaks in Kendal
Cunliffe will be speaking on his regional visit to the North West, the text will be released. I don’t believe he’ll touch on monetary policy, and even if he does it won’t be much I reckon. Either way, best to keep your eyes and ears peeled just in case.
That’s all for the session, I wish you all the best of days ahead and good luck with your trading!
Everyone! Hope you’re all doing well as we get into European trading later. It’s been a relatively quiet morning once again with notable moves seen in the yen and sterling – but ranges remain on the moderate side.
