This week is the week when the kids come back from holidays and start school in the UK and most of Europe, which makes it the first week after the summer holidays for many professional forex traders as well. Yesterday was the first day of work, but traders don´t really go all in on the first day of work after the holiday. They need some time to get in the forex trading mindset and get the things moving. North America was off as well so most of the forex pairs traded in tight ranges.

Today though, there´s enough data pieces on the economic calendar to be released. Some of the data was already released, such as the Australian current account which beat the expectations, the interest rate decision from the RBA (Royal Bank of Australia) which remained the same and the German factory orders which missed the expectations. 

Soon the European retail sales will be released and in about an hour we´ll get to see the Eurozone GDP numbers for the second quarter. In the afternoon the US non-manufacturing PMI numbers will be released followed by the global dairy price index, which is very important for the NZD. The SNB (Swiss national Bank) chairman Jordan closes the day with a speech at 4:15 GMT. We´ll be here with you throughout these events today and hopefully will end the day with a nice profit.