The major currencies saw little changes during the day, with the dollar starting the week with a more mixed performance yesterday. The euro remained steady as political problems eased slightly. But these risks still persist and may come back to affect the single currency, with a focus on the early French elections at the end of the month.
In addition, the markets will remain waiting for the headlines again. Today, at least big data will be back on the calendar with the advent of US retail sales. This will be something to watch to see how consumer activity holds up after the Fed's decision last week.
In other markets, stocks continue to show a lot of optimism. The S&P 500 is now targeting the 5,500 level, closing at another record high overnight. The artificial intelligence boom continues.
As for European trading today, there is not much in the spreadsheet to work with. As such, risk sentiment will remain the main driver before we get to the US data later today. But for now, the mood is more hesitant with US futures holding steady.
0900 GMT – Final CPI numbers for May in the Eurozone
0900 GMT – German ZEW June survey of current conditions and economic sentiment
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.
