There will be a fair number of major risk events this week, but most of them will be in the coming days. Major central bank meetings are back in session, with the Reserve Bank of Australia, the Swiss National Bank and the Bank of England on the agenda. But for today, the start of the week will be slower with little on the economic calendar.
At most, the Empire State Manufacturing Index might offer something to trade in the US. But in Europe, there is not much to work with.
The major currencies don't do much, and have changed little overall. Today's ranges remain relatively tight, with the Australian and New Zealand dollars weakening slightly.
It is worth noting that weak sentiment from China is something to keep in mind, with the People's Bank of China continuing to do battle trying to defend the yuan over the past few weeks. USD/CNY is starting to break through the 7.25 level, so that may help maintain support for the dollar as well.
Looking ahead to the upcoming session, there will be some light releases to stir things up. But in Libra, we will be in for a slower start to the new week.
0800 GMT – Total demand deposits with the SNB on June 14
0800 GMT – Final CPI numbers for May in Italy
That's it for the next session. I wish you all the best in the coming days and good luck with your trading! Stay safe out there.
