EUROPEAN SESSION
In the European session, the only highlight is the German IFO survey which is expected to show an improvement to 85.6 vs 84.9 prior on lower energy prices and the end of the US-Iran war. The data is not going to change much for the ECB, so the market reaction will likely be muted.
AMERICAN SESSION
In the American session, we just get a couple of low tier releases like the US new home sales that are not going to change anything for the Fed. I think the hawkish repricing has reached a peak in the short-term and markets are just moving by inertia given the lack of other significant catalysts since the FOMC.
CENTRAL BANK SPEAKERS
- 06:30 GMT/02:30 ET – RBA’s Hauser (hawkish – voter)
- 07:00 GMT/03:00 ET – SNB’s Martin (neutral – voter)
- 09:00 GMT/05:00 ET – ECB’s Nagel (hawkish – voter)
- 11:15 GMT/07:15 ET – BoC’s Rogers (neutral – voter)
- 11:20 GMT/07:20 ET – BoE’s Breeden (neutral – voter)
- 13.35 GMT/09:35 ET – ECB’s Cipollone (neutral – voter)
- 15:00 GMT/11:00 ET – BoE’s Dhingra (dovish – voter)
- 20:00 GMT/16:00 ET – BoJ Governor Ueda (neutral – voter)
This article was written by Giuseppe Dellamotta at investinglive.com.
SOURCE LINK : What are the main events for today?
