In the European session, the main highlight is the French CPI report. The data might not change the June cut probabilities that much, but a pick up in inflation in the next months could keep the ECB on hold for the rest of the year.
In the American session, we have the US Durable Goods Orders data and the US Consumer Confidence report. The durable goods data is a very volatile data set and rarely market moving, the consumer confidence report though might influence interest rate expectations if we get big deviations.
Central bank speakers:
- 07:00 GMT/03:00 ET – ECB’s Villeroy (dove – voter)
- 08:00 GMT/04:00 ET – Fed’s Kashkari (hawk – non voter)
- 13:30 GMT/09:30 ET – Fed’s Barkin (neutral – non voter)
- 16:00 GMT/12:00 ET – ECB’s Nagel (neutral – voter)
- 16:20 GMT/12:20 ET – SNB’s Schlegel (neutral – voter)
This article was written by Giuseppe Dellamotta at www.forexlive.com.
