Market today witnesses a lack of catalysts, which in turn reflects from the trade behaviour ahead of the European open on Thursday.

Market today witnesses a lack of catalysts, which in turn reflects from the trade behaviour ahead of the European open on Thursday.

The risk-tone remains mostly unchanged with Asian equities flashing mixed signals. The US Dollar recovers some of its latest losses while the Euro stays positive. Moving on, the Japanese Yen stand modestly changed, data whereas the British Pound awaits the European Union’s (EU) response to the request concerning Brexit extension.

Eurozone and German PMIs will entertain traders in the European session, at 07:30 and 08:00 GMT respectively. Though, major attention is likely to be given to the European Central Bank (ECB) Monetary policy meeting at 12:30 GMT, as it will be the last time Mario Draghi will speak as the President.

In the NA session, up in the data line will be the United States’ Initial Jobless claims, Manufacturing and Services PMIs, Durable Goods Orders and New Home Sales, starting to drop from 12:30 GMT.

Gold, despite doubts over Brexit prevailing and a lack of headlines concerning the US-China trade deal, drops to $1,491. On the other hand, Oil gained traction on the back of the weekly United States crude oil stock report published by the Energy Information Administration, currently trading at $55.60.