German Ifo business survey on the agenda today
Good day, everyone! Hope you all had a great weekend and that you’re ready to get back on the trading seat for the new week.
It is still all about the reflation theme in the market as bond yields continue to surge higher with 10-year Treasury yields closing in on 1.40%. Real yields have also ticked higher to -0.80% and that will be something to watch in case the Fed picks up on it.
The dollar is keeping more mixed but holding a touch weaker against most major currencies, though gaining against the yen and franc to start the day.
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There won’t be much on the agenda in Europe to really shake things up as the market will take clues from Treasuries and Wall Street again later today to kick start the week.
0900 GMT – SNB total sight deposits w.e. 22 February
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0900 GMT – Germany February Ifo business climate index
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.