The majors have not changed much on the day with tight ranges prevailing ahead of today’s European session. This is not too surprising when the focus today is on the Fed later. US futures are little changed, but the S&P 500 looks resilient after breaking above its August highs this week:
In any case, today’s trading sentiment will hinge on the Fed’s decision and until we get to that, there could be some calm in action.
There are a couple of soft releases to get things moving in European trading today but none of them should be very impactful.
0600 GMT – Germany’s wholesale price index for May
0600 GMT – UK monthly GDP data for April
0900 GMT – Eurozone industrial production in April
1100 GMT – US MBA Mortgage Applications June 9
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.