What’s up, traders.

The financial markets are trading the risk-on sentiment in the wake of positive news coming from the US-China trade war. Hence, the news is driving the US dollar to a one-week high versus the safe-haven Japanese Yen, while the Sterling soared as election polls over the weekend extended a sizeable lead for the Conservative party.

China will begin issuance of foreign dollar sovereign bonds later in the day today, and the size will be bigger than that of earlier years, which is a piece of positive news on the trade war front.

Besides, China and the United States are very close to a “phase one” trade agreement as China’s state has mandated 13 investment banks to direct a US dollar sovereign bond agreement, which is its third since its international debt issuance plan was restored two years before.

EUR – German GfK Consumer Climate – 07:00 GMT

GfK will be releasing the Consumer Climate figures at 7:00 GMT with a positive forecast of a rise from 9.6 to 9.7 this month. The data tells about investor confidence and consumer spending, which accounts for a majority of overall economic activity.

Stronger figures may support the Euro, but it’s a medium impact event and may not drive massive movements in the Euro pairs.

AUD – RBA Gov Lowe Speaks -9:05 GMT

The Reserve Bank of Australia Governor Philip Lowe is due to deliver a speech titled “Unconventional Monetary Policy: Some Lessons from Overseas” at the Annual Australian Business Economists dinner in Sydney. Team FX Leaders will be covering the event, so stay tuned to the economic calendar.

USD – C.B. Consumer Confidence – 15:00 GMT

The Conference Board Inc. is due to release consumer confidence data at 15:00 GMT today. Consumer confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

It’s a survey of about 5,000 households, which asks respondents to rate the relative level of current and future economic conditions, including labor availability, business conditions, and overall financial situation. Economists are expecting a surge in the USnConsumer Confidence figures from 125.9 to 126.9.

Typically a stronger number drives sharp buying in the US dollar. Ahead of the news release, we may see investors going long on the greenback, but later reversals can be seen in the US dollar.

Good luck for today and have a profitable day ahead!