Market themes of the Day: Optimism slightly fades away

Yohay Elam FXStreet

What you need to know before markets open

General Market Mood:

The optimism on Friday regarding US-Chinese trade talks sent the US Dollar lower but the new week is opening with some profit-taking and concerns.
The Turkish crisis is slipping back to the backburner amid the government's steps to curb the crisis but concerns about the resilience of emerging markets continue.
The Federal Reserve dominates the week with the FOMC Meeting Minutes on Wednesday and Fed Chair Jerome Powell's speech on Friday.

In Australia

A potential leadership challenge to Prime Minister Malcolm Turnball slightly weighs on the Australian Dollar.
The CB Leading Index is released at 14:00.

In Europe

.German PPI came out at 0.2%.
The German central bank, the Bundesbank, releases its monthly report at 10:00 GMT.
Bundesbank President Jens Weidmann speaks at 16:00.

In the UK

Top-tier data released last week was mixed, with higher upbeat retail sales, higher inflation, and slow wages.
Brexit talks continue and may produce market-moving headlines.

In the US

FOMC member Raphael Bostic speaks at 15:00. He leans to the dovish side.

In Canada

Canadian inflation surprised to the upside on Friday.
Deputy Governor Carolyn Wilkins speaks at 13:15.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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