Eurozone final CPI figures for May due later today
Good day, everyone! Hope you're doing well as we get look to get things going here on the session. It's been a lively start with major currencies shifting about ahead of the FOMC meeting tomorrow. The yen and franc are stronger amid weaker risk tones today while the dollar is a little weaker but not as bad as the pound and aussie, both of which are dragged down by their own woes i.e. Brexit and RBA respectively.
Looking ahead, we'll have some data points to move things along but nothing in particular that should impact markets too heavily before the Fed tomorrow.
0900 GMT - Eurozone May final CPI figures
Preliminary figures can be found here. Given that this is the final release, the readings should do little to move markets unless they deviate substantially from initial estimates.
0900 GMT - Eurozone April trade balance data
Prior release can be found here. A look at trade conditions in the euro area but the data here has already been largely accounted for by the individual releases of France and Germany - who account for a significantly large portion of euro area trade - earlier this month.
0900 GMT - Germany June ZEW survey current conditions, expectations
Prior release can be found here. Current conditions continue to hover near 2014 lows and that basically underscores the negative sentiment towards the Eurozone economy at the moment. Expectations aren't faring much better with the outlook still cloudy amid global trade tensions and potential restart in the US auto tariffs debate later in the year.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!
