A couple of light releases to move things along
The dollar remains a little vulnerable to start the week, with EUR/USD hovering around its 25 February high @ 1.2243 and that remains a key resistance point to watch for now.
GBP/USD is also closing back in on 1.4200 though further resistance is seen from the 24 February high @ 1.4241 so that will be one to be mindful about moving forward.
Major currencies are little changed for now though the dollar is keeping steadier after having seen USD/CNY near 6.40 before reports of intervention by China authorities.
US equities had a solid session yesterday with futures also keeping slightly higher for now, with the Fed continuing to pledge patience on policy and that inflation is likely to be transitory; though we’ll see if there is anything new during the week.
0600 GMT – Germany Q1 final GDP figures
0800 GMT – Germany May Ifo business climate index
0800 GMT – SNB total sight deposits w.e. 21 May
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
1000 GMT – UK May CBI retailing, total distributive reported sales
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.