Forex Focus on Brexit
All eyes will be on Brexit developments for one more day, EURGBP traders await the services PMI, here is the schedule:
Spain August services, composite PMI at 7:15GMT
Italy August services, composite PMI at 7:45GMT
France August final services, composite PMI at 7:50GMT
Germany August final services, composite PMI at 7:55GMT
Eurozone August final services, composite PMI at 8:00GMT
In the US calendar investors await the Trade Balance due at 15:30GMT.
In our central banks calendar we have the ECB Executive Board Member Lane Speech at 14:00, the FOMC Member Williams Speech at 16:25, Fed Governor Bowman Speech and FOMC Member Bullard Speech at 19:30, FOMC Member Kashkari Speech at 20:00 and finally FOMC Member Evans will deliver a speech at 22:15.
China Caixin Services PMI rose from previous 51.6 to 52.1 in August
Australia Gross Domestic Product (year over year) came in at 1.4% in line with forecasts for 2Q, the quarterly reading also matched forecasts. Australia Commonwealth Bank Services PMI came in at 49.1 (August) versus previous reading of 49.2, the AiG Performance of Services Index rose from previous 43.9 to 51.4 in August
New Zealand ANZ Commodity Price rose from previous -1.4% to 0.3% in August.
Asian indices trading mixed for one more day. EURUSD continues it’s trip south making fresh yearly lows at 1.0942, the USDJPY is 0.08%higher at 106.27 while the AUDUSD is 0.09% higher at 0.6721.