Economic calendar: BoC decision and API report

7:12 AM 9 September 2020

European stocks seen opening flat
Bank of Canada expected to stay on hold
GBP traders look out for Brexit headlines

According to the futures market, European stock indices are seen opening more or less flat today. S&P 500 futures trade flat as well while Nasdaq futures gain after yesterday's steep sell-off. Sentiment is likely to play a key role today.

Economic calendar is light with the Bank of Canada's decision being the only noteworthy event scheduled. However, the Bank is expected to stay on hold and there won't be a press conference of Governor Macklem afterwards. Having said that, the impact of the event on the CAD market may be limited. Apart from that, traders should look out for Brexit-related headlines as recent actions of UK officials sent GBP into freefall.

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1:15 pm BST - Canada, housing starts for August. Expected: 217.5k. Previous: 245.6k

3:00 pm BST - Bank of Canada rate decision.

9:40 pm BST - API report on oil inventories. Expected: -1.1 mb

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