EUROPEAN SESSION
In the European session, we don’t have anything on the agenda, so the price action will likely remain rangebound unless we get some catalyst from the US-Iran side.
AMERICAN SESSION
In the American session, we just get a couple of low tier releases like the US and Canadian trade balance or US existing home sales data that won’t change anything for the respective central banks.
The mood in the markets is a bit more positive as the latest escalation between Iran and Israel ended quickly and Trump continues to tout an imminent deal.
However, the main event this week is the US CPI report tomorrow as that could exacerbate the recent hawkish moves or trigger a short-term relief rally.
This article was written by Giuseppe Dellamotta at investinglive.com.