Before we look at the data agenda, ICYMI this is weighing on EUR early:
EU politics – French President Macron has called a snap election. EUR/USD a touch lower.Monday morning open levels – indicative forex prices – 10 June 2024
Its not the end of the world for the EUR, but it’s a few points lower, and in case you are wondering why. As always its super-thin liquidity at this tie of the FX week. And it’ll be ‘thinner for longer’ with Australia out for a holiday. Until Japan kicks off (its 5.30am ish there as I post) its just New Zealand open.
On the calendar today, the update on Q1 GDP from Japan. Advance reading is here:
Japan’s annualised Q1 GDP -2.0% q/q (vs -1.5% expected)
This article was written by Eamonn Sheridan at www.forexlive.com.
