Germany ZEW survey on the agenda for today
The pound had a stellar session yesterday while a slump in risk sentiment in US trading yesterday helped to rein in gains in commodity currencies, with the aussie giving back a positive showing earlier to kick start the new week.
Major currencies are mostly keeping little changed so far today but the risk mood continues to be more on the defensive, so take that into consideration as risk flows might very well be the key factor in driving price action in European trading.
As much as the market has reacted more mixed after the non-farm payrolls report on Friday, it looks like inflation fears are starting to rekindle with 10-year Treasury yields keeping close to 1.60% after rebounding at the end of last week.
0600 GMT – Germany April wholesale price index
0900 GMT – Germany May ZEW survey current situation, expectations
1000 GMT – US April NFIB small business optimism index
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.