It’s a relatively busy day ahead on the economic calendar, with German and U.S consumer sentiment in focus. On the monetary policy front, ECB President Lagarde and FED Chair Powell are also due to speak.
A quiet economic calendar, leaves the majors in the hands of Evergrande news updates, ECB President Lagarde, and U.S core durable goods orders.
It was a busy week for the majors. While economic data was skewed to the negative, FED monetary policy and easing concerns over an Evergrande default delivered support.