A preview of what's to come in European trading today

Good day, everyone! Hope you're all doing well as we look to wind down the week, but first we'll have key risk events still to come. These are interesting times in the market for sure, so let's see what today will bring.

0600 GMT - Germany May GfK consumer confidence

Prior release can be found here. The reading measures the level of consumer confidence in economic activity. While not a major data point, it's one that feeds into overall Eurozone sentiment.

0700 GMT - Spain Q1 unemployment rate

Q4's report can be found here. Despite the elevated levels, it's not a major data point by any means.

0830 GMT - UK Finance March mortgage approvals

Prior report can be found here. The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK. A minor data point.

0830 GMT - BOE's Brazier speaks in London

Brazier is an executive director for financial stability at the central bank. He's speaking in a conference at the London Business School with regards to asset management.

1000 GMT - UK April CBI retailing reported sales

Prior release can be found here. The reading is an indicator of short-term trends in the retail and wholesale sector of the UK economy. A minor data point, one that feeds into general sentiment of the UK economy.

1145 GMT - ECB monetary policy (rate) decision

The European Central Bank announces its policy decision for the April meeting. No changes are expected, but the language is one to watch. Although, most market participants are only expecting a change in language/guidance during the June meeting. Watch out for a little bit of push and pull in the euro during the time when the decision is announced and in the lead up to Draghi's presser.

1230 GMT - ECB press conference

ECB president Draghi is to deliver the presser. A lot of questions remain on whether he wants to sound confident, talk down the euro, shrug off weaker-than-expected economic data in Q1, talk up inflationary pressures, or walk somewhere in between those lines? Only time will tell.

That's all for the European session. I wish you all the best of days ahead and as always, good luck with your trading!