Other stats include factory orders, trade data, and finalized Markit services PMI figures. However, we expect the numbers to have a limited impact on sentiment toward Fed monetary policy.
Away from the numbers, investors should monitor FOMC member commentary. Fed Vice Chair John Williams is on the calendar to speak on Friday.
For the EUR:
The EUR remains in the hands of ECB monetary policy expectations and the economic outlook.
On Monday, German trade data will move the dial. Weak global demand suggests disappointing imports and exports. Another modest increase in exports and another slump in imports would be bearish.
Service sector PMIs for Italy and Spain and finalized PMIs for France, Germany, and the Eurozone will draw interest on Tuesday. With the services sector accounting for a higher portion of the Eurozone economy, downward revisions to prelim…
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