FX Headlines: Sparse European Data Allows EUR, GBP to Rebound after NFPs
- Light calendar as typically is the case after BoE and ECB policy meetings.
- Only UK data this week is due on Wednesday.
- Fundamental trends allowed to develop – European FX rebounds after weak US labor report.
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EURO-ZONE ECONOMIC CALENDAR
The Euro economic calendar is light on Monday, but the only data point due came in well-above expectations. The Euro-Zone Sentix Investor Confidence survey, barely a ‘medium’ ranked event on the DailyFX Economic Calendar, came in at +6.5 versus -3.5 expected, a clear sign that sentiment is indeed turning in the Euro-Zone.
The Euro perked higher on the figure and remains near its daily highs at the time this report was written. Further gains in the single currency could develop this week as retail traders have recently flipped from net-long to net-short.
UK ECONOMIC CALENDAR
There is no data on the British Pound economic calendar for Monday, September 09.
See the British Pound economic calendar for the week of September 8 to 13.
SWISS ECONOMIC CALENDAR
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--- Written by Christopher Vecchio, Currency Analyst
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