The longer weekend makes for a more moderate start to the debate so far. Major currencies are underperforming, with dollar pairs remaining in tight ranges and little changed overall.
USD/JPY is down slightly after hovering near the 157.00 mark late last week. But other than that, there’s very little to examine about the moves so far.
As for European morning trade, there won’t be much to shake things up either. We have the German Ifo economic survey for the coming month of May. But this will likely only reaffirm more stable conditions in the German economy for the second quarter, providing further comfort to the ECB after the stronger first quarter results.
As such, expect trading sentiment to remain more subdued barring any major surprises.
08:00 GMT – Ifo Business Climate Index in Germany in May
08:00 GMT – Total SNB sight assets on May 24
That’s all for the upcoming session. I wish you good days ahead and good luck in your trading! Stay safe out there.
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