Economic data to come during the European session

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Australian survey on business confidence and conditions is due Tuesday


Preliminary German Q1 GDP figures expected

Market sentiment is more lukewarm to begin on Friday, following an impressive reversal of US stocks in the night trade. Wall Street managed to reverse the losses by around 1.7% to post gains of more than 1% – for the S&P 500 and the Dow Jones – to end the day.

Meanwhile, gold appears to be testing the waters for a technical break from its recent wedge model, but momentum is a bit halted as stocks rallied yesterday.

As far as the main currencies are concerned, not much happens during the day as the risk climate remains lukewarm for the time being. After a few risky sales sessions, the dip buyers are back.

The question now is, will they continue this momentum this weekend? Or will sellers find the conviction that they are really pushing a possible downward movement this week?

0600 GMT – Germany April PPI figures

An earlier version can be found here. An indirect and lagging indicator of inflationary pressures in the German economy, a minor data point.

06:45 GMT – France CPI final April

The preliminary version can be found here. Since this is the final version, it shouldn’t do much to move the dial to the market.

0800 GMT – Preliminary German GDP figures for Q1

The previous report (Q4) can be found here. The virus epidemic and the start of foreclosure measures are likely to weigh heavily on the economy, but all this is obvious, even the fact that the figures for April and second quarter are surely much worse than today’s figures. ‘hui.

0900 GMT – March euro area trade balance data

An earlier version can be found here. In the midst of the start of foreclosure measures in the region, trading conditions are expected to be more moderate, but all this now relates to the first quarter – that we already have a good idea of ​​the situation.

0900 GMT – Estimated Q1 secondary GDP of the euro area

The preliminary version can be found here. I would not expect many revisions in the secondary estimate and even if there are, it should be rather negligible. The second quarter numbers are going to be worse, so the picture of the first quarter is already starting to fade in the background.

That’s all for the coming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.



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