What are the main events for today?

We have another empty European session ahead as we don’t have anything on the agenda. In the American session, the main highlight will be the release of the US Consumer Confidence report but watch out also for Trump signing more executive orders at 20:00 GMT/15:00 ET.

15:00 GMT/10:00 ET – US February Consumer Confidence

The US Consumer
Confidence is expected at 102.5 vs. 104.1 prior. The last report showed Consumer Confidence dropping for the second
consecutive month although it remained in the range created since 2022.

Dana M. Peterson,
Chief Economist at The Conference Board said: “all five components of the Index
deteriorated but consumers’ assessments of the present situation experienced
the largest decline. Notably, views of current labour market conditions fell
for the first time since September, while assessments of business conditions
weakened for the second month in a row.”

“Meanwhile,
consumers were also less optimistic about future business conditions and, to a
lesser extent, income. The return of pessimism about future employment
prospects seen in December was confirmed in January.”

Central bank speakers:

• 09:20 GMT – Fed’s Logan (neutral – non voter)
• 13:00 GMT/08:00 ET – ECB’s Schnabel (neutral – voter)
• 14:00 GMT/09:00 ET – BoE’s Pill (neutral – voter)
• 16:45 GMT/11:45 ET – Fed’s Barr (dove – voter)
• 18:00 GMT/13:00 ET – Fed’s Barkin (neutral – non voter)

This article was written by Giuseppe Dellamotta at www.forexlive.com.