Eurozone Retail Gross sales and the BoC Enterprise Survey Put the EUR and Loonie in Focus
Earlier within the Day:
It was a quiet begin to the week on the financial calendar this morning. There have been no materials stats for the markets to think about within the early hours.
The Day Forward:
For the EUR
It’s a comparatively quiet day forward on the financial calendar. February retail gross sales for the Eurozone are due out later in the present day.
With the ECB searching for shopper spending to assist the financial restoration, we will anticipate some sensitivity to the numbers. Recent lockdown measures reintroduced throughout various member states in current weeks, nevertheless, might restrict the affect of any optimistic numbers.
Away from the financial calendar, COVID-19 information and progress on the vaccination entrance may also affect.
On the time of writing, the EUR was down by 0.07% to $1.1891.
For the Pound
It’s a quiet day forward on the financial calendar. There are not any materials stats due out of the UK to offer the Pound with path.
The dearth of stats will depart the Pound within the arms of COVID-19 and vaccine information updates.
On the time of writing, the Pound was down by 0.04% to $1.3701.
Throughout the Pond
It’s additionally a quiet day forward on the financial calendar. There are not any materials stats to offer the Dollar with path.
The dearth of stats will depart the Greenback within the arms of stories from Capitol Hill and FOMC member commentary.
On the time of writing, the Greenback Spot Index was up by 0.06% to 92.216.
For the Loonie
It’s a comparatively quiet day forward on the financial calendar. The Financial institution of Canada’s Enterprise Outlook Survey is due out later in the present day.
With little else for the markets to think about, we will anticipate loads of affect from the survey.
Away from the financial calendar, crude oil costs and market sentiment in the direction of demand may also affect.
On the time of writing, the Loonie was down by 0.13% to C$1.2546 towards the U.S Greenback.
For a take a look at all of in the present day’s financial occasions, try our financial calendar.