Good Morning Traders! This Wednesday we get German Industrial Orders, as well as Construction PMI for the Euro-Area.
Here is what to expect.
Sentiment
On Wednesday morning, the yen hit a new 10-month low versus the dollar as Japan issued its sharpest warning in weeks against sudden currency moves.
Strong export demand for products and services kept Australia's economy moving forward in the three months up to June, indicating a continuing strong impulse despite 12 interest rate hikes.
Following Saudi Arabia and Russia's announcement that they will prolong production cuts through the end of the year, which tightened the global market, oil maintained close to its highest level since November.
With a 75 basis point interest rate cut, Chile's central bank slowed the speed of its easing cycle and indicated that future cuts are expected to follow suit as inflation approaches the target level.
Docket
02:00 AM ET
German Industrial Orders MoM
Median Forecast -4.3% | Prior 7.0% | Range 2.0%/-10.5%
03:30 AM ET
French Construction PMI
Prior 42.9
Eurozone Construction PMI
Prior 43.5
German Consstruction PMI
Prior 41.0
Speakers
08:00 AM ET
ECB's McCaul Speaks
Good Luck Today Traders!
