Tension will continue to mount in Europe today


The underlying mood of the markets is pretty well reflected by the calm before the storm. All eyes are on the US CPI data later today to really kick off the week and by then we could be in for a slower and tighter period in terms of trade sentiment.

There will be a few notable releases from Europe, but I don’t expect them to really cause a stir given that the focus in the broader markets this week shifts more to inflation and the banking drama. center in the next few days.

07:00 GMT – Final November German CPI figures
0700 GMT – UK November payroll change
0700 GMT – UK October ILO unemployment rate, average weekly earnings
1000 GMT – Germany December ZEW surveys current conditions, expectations
11:00 GMT – November NFIB Small Business Optimism Index in the US

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

0 – Argentina have never been knocked out of the World Cup semi-finals, having reached the final in each of their last five appearances at this stage of the tournament.



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