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FX Headlines: Sparse European Data Allows EUR, GBP to Rebound after NFPs

FX Headlines: Sparse European Data Allows EUR, GBP to Rebound after NFPs

Christopher Vecchio, CFA, Senior Strategist

Talking Points

- 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.

To keep up with the European data and news as the week goes forward, be sure to sign up for my distribution list.

EURO-ZONE ECONOMIC CALENDAR

FX_Headlines_Sparse_European_Data_Allows_EUR_GBP_to_Rebound_after_NFPs_body_Picture_1.png, FX Headlines: Sparse European Data Allows EUR, GBP to Rebound after NFPs

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.

Read more: GBPUSD Preserves Bullish Trend on BoE Policy – Key Resistance Ahead

SWISS ECONOMIC CALENDAR

FX_Headlines_Sparse_European_Data_Allows_EUR_GBP_to_Rebound_after_NFPs_body_x0000_i1028.png, FX Headlines: Sparse European Data Allows EUR, GBP to Rebound after NFPs

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--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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