Manufacturing PMIs coming up in European trading today

<p>It is a brand new week, month, and quarter. 3/4 of the year is gone and we now welcome the month of October. The bond market is still holding all the cards really, as Treasury yields are slowly inching higher. 10-year yields are up to 4.61% today and that is helping to keep the dollar in a solid spot. Here are two key developments from the weekend and earlier today:</p><ul><li><a href="https://www.forexlive.com/news/china-pmis-narrowly-top-expectations-20230930/" target="_blank" rel="follow">China PMIs narrowly top expectations</a></li><li><a href="https://www.forexlive.com/news/us-government-gets-a-45-day-funding-reprieve-20231001/" target="_blank" rel="follow">US government gets a 45 day funding reprieve</a></li></ul><p>Equities are also finding some bit part relief with S&amp;P 500 futures seen up 0.4% but just be wary that the selling in bonds could impact sentiment later in the day. That especially now that month-end and quarter-end is out of the way.</p><p>As for the dollar, it's still tough to argue against the greenback with USD/JPY inching towards 150.00 in general. EUR/USD is down 0.1% to 1.0560 after failing to get above 1.0600 at the end of last week. Meanwhile, AUD/USD is down 0.6% today to 0.6395 after another failed attempt to push past 0.6500 on Friday.</p><p>Then, we also have <a href="https://www.forexlive.com/news/gold-stays-in-retreat-set-for-sixth-straight-day-of-losses-20231002/" target="_blank" rel="follow">gold struggling hard</a> with another 0.4% fall to $1,840 levels at the moment.</p><p>Looking over to European trading, manufacturing PMIs will be a focus point. However, they shouldn't tell us anything we don't already know with it being final readings for France, Germany, Eurozone, and the UK.</p><p>As such, the focus will stay on the bond market and how the developments there will continue to impact broader market sentiment.</p><p>0600 GMT – UK September Nationwide house prices0630 GMT – Switzerland August retail sales0715 GMT – Spain September manufacturing PMI0730 GMT – Switzerland September manufacturing PMI0745 GMT – Italy September manufacturing PMI0750 GMT – France September final manufacturing PMI0755 GMT – Germany September final manufacturing PMI0800 GMT – Eurozone September final manufacturing PMI0800 GMT – SNB total sight deposits w.e. 29 September0830 GMT – UK September final manufacturing PMI0900 GMT – Eurozone August unemployment rate</p><p>That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.</p>

This article was written by Justin Low at www.forexlive.com.