Nothing notable on the European morning calendar on New Year’s Eve

Dollar still slightly weaker in what will be yet another quiet day


The Chinese PMI data earlier today is arguably the main highlight of trading today and with it being New Year’s Eve, expect the thin trading conditions to continue to prevail.

It is also a German bank holiday so that will just add to the extremely poor liquidity that we’ve been seeing over the past week or so. I would expect thinner markets to continue all the way through the end of the week – even with European PMI data on Thursday.

Looking ahead this morning, there are no notable releases on the data docket so there isn’t really much else to try and get at. This period is always best to do some reflection and catch a bit of a breather before it all begins again next year.

To those already off, I wish you a Happy New Year’s celebration (be safe too!) and hopefully 2020 will bring everyone a joyous and prosperous year ahead!