Data releases continue to decline for now
It’s still the risky mood to start the week, and stocks ended yesterday with monstrous gains as we see investors making the most of vaccine developments and the president’s remarks from Fed Powell since the weekend.
It saw the dollar and the yen collapse and that mood remains for the most part today, although they consolidated their losses overnight to start the day.
Meanwhile, the gold breakout is beginning to look like a fake as the price closed below the April high of $ 1,747.36.
Economic data will matter little again in the coming session as the focus is on risk, so expect headlines about coronavirus and the US-China to dominate.
0600 GMT – Average weekly earnings in March in the United Kingdom
0600 GMT – United Kingdom March ILO unemployment rate
0600 GMT – UK count of claimants in April, change in unemployment claims
0900 GMT – March euro zone construction output data
0900 GMT – Germany May ZEW investigates current situation, expectations