Important upcoming events and publications for today

Important upcoming events and publications (GMT):

8:55 The number of unemployed in Germany has been almost continuously decreasing for more than 4 years. This trend changing can have an impact on EUR, and weak data can undermine confidence in the economic prospects of the Eurozone, where Germany remains the growth engine.

10:00 The first estimate of EU GDP is expected to mark a regional economy growth of 0.4% and a slowdown in the annual growth rate of 1.8%. Lower values ​​can increase pressure on EUR, creating risks for the prospects of tightening monetary policy and reflecting weaker economic growth.

13:00 Evaluation of inflation in Germany has a significant impact on pairs with EUR. Although the estimate for the entire country is published at 4:00 pm. Data on inflation in various countries are published earlier during the day, which also affects the single currency.

14:00 US consumer confidence index reached 18-year highs in September and was very close to historical peaks. Analysts expect an index adjustment from 138.4 to 136.3. A deeper decline can exacerbate negative sentiment in financial markets, causing an outflow of funds from risky assets, possibly supporting the demand for USD.

See the detailed Economic calendar here