There were no data releases from Eurozone tomorrow, with euro spending session in decline. The euro's retreat may be temporary as uncertainty about China and slumping commodities remains on the forefront of investor concerns. Traders think that the benefits of the deteriorating risk environment, coupled with the generally upbeat tone of European data ex-inflation should balance out the otherwise negative effects the ECB's (European Central Bank) ongoing efforts to stimulate the region may have.
From Eurozone, tomorrow, Industrial Production data will be published. Decline by 0.2% is anticipated. In the US session Crude Oil Inventories figures are scheduled for a release. Analysts are forecasting increase to 1.9 million.
Figures to watch:
Industrial Production (Wednesday 11:00)
Crude Oil Inventories (Wednesday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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