Next data risk event off the rank is EZ CPI at 09.00 GMT

The fun and typing just keeps on coming. Ok, for me just the typing but be advised that we have EZ CPI data for April on the way.

MM reading expected 0.4% vs +0.8% prev while YY final is f/cast to come in at 1.9% vs 1.5% prev. Core YY final 1.2% as prev.

Euro still in retreat from earlier highs so let's see if we get any impetus from this reading to suggest that the ECB might want to hurry along in their plans to normalize mon pol.

Softer data will keep the retreat in vogue but dip demand, as ever can be expected.

Earlier I warned about large options capping the rally and bingo here we are lower.

I hope the guidance helped.