Not much about taking data to start the week in Europe
Meanwhile, investors find some optimism after a difficult week, with US futures trading higher and also helping to inject cautious gains into Asian stocks.
The S&P 500 futures are now up more than 1%, tracing some of the losses from last week.
This helps translate into a slightly stronger performance to date in commodity currencies, with the other major currencies still being mostly lukewarm in trading to start the day.
The pound broke below 1.2100 against the dollar, but returned above that, although worries about Brexit are still a downside factor to consider in the weeks to come.
For the future, it is still mostly about sentiment, as economic data will once again take the back seat during the upcoming trading session.
0800 GMT – Total SNB demand deposits with p. Ex. May 15
Your weekly check of deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions. The SNB maintains a defense of the 1.05 level in EUR / CHF, which gives an indication of its conviction to continue to manage the appreciation of the franc.
So at 1000 GMT, the Bundesbank to publish monthly report of the economic situation in Germany, so take note.
That’s all for the coming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.