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What are the main events for today?

EUROPEAN SESSION In the European session, we don't have much on the agenda other than the Swiss consumer confidence and the Italian industrial production. None of the data will change anything for the respective central banks, so the market reaction will be muted. Keep in mind that the risk sentiment has turned positive since yesterday after Trump said on Truth Social that the US is having…

ForexForexLive

Economic data spotlight: US inflation expectations in focus in today's Michigan consumer survey

Coming up later today, we'll have the University of Michigan consumer sentiment survey at 1400 GMT. And while the headline estimate will offer some insight into how US consumers are feeling about the economy, I reckon the standout figure will be the inflation expectations figures. As a reminder, year-ahead inflation expectations jumped to 4.6% in September from 4.0% in the month before.…

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