There’s no news on the docket but that doesn’t mean that the European currencies won’t see action on Monday.
Indeed, the light docket presents a lack of catalysts for event risk-driven volatility on Monday, but fortunately there are events in both the rearview mirror and ahead on the road that will offer a tug-and-pull effect on price action.
For starters, data across Europe has been improving, suggesting that the region as whole – the Euro-Zone, Switzerland, and the United Kingdom – will stay out of recession for the rest of 2013. There are several secondary releases due that help assure sentiment regarding the recent turn in data.
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
There are no events on the Euro economic calendar for Monday, August 26.
See the Euro economic calendar for the week of August 25 to 30.
Read more: Why Hasn’t the Euro Broken Higher? Key Elements Worth Watching
UK ECONOMIC CALENDAR
There are no events on the British Pound economic calendar for Monday, August 26.
See the British Pound economic calendar for the week of August 25 to 30.
Read more: GBPUSD Preserves Broad Range – Has Pound Carved a Top Ahead of BoE?
SWISS ECONOMIC CALENDAR
There are no events on the Swiss Franc economic calendar for Monday, August 26.
See the Swiss Franc economic calendar for the week of August 25 to 30.
Read more: Gold Advances to Eleven Week High – Rally at Risk amid Taper Talk
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— Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com
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Source: Daily fx
