On the two related points of attention:
As such, today’s European trade may not offer much if Tokyo decides to leave things as they are. USD/JPY is currently at 155.52 as buyers slowly push back the limit, but the rest of the major currency bloc is rather muted.
This will make things more interesting ahead of preliminary first quarter US GDP data.
In other markets, stocks are down after a more mixed performance yesterday. Meta earnings disappointed and are causing renewed concern among investors, with technology stocks leading the decline. S&P 500 futures are currently down 0.6%. So far, this is not yet leading to broader risk aversion in the markets.
As for the upcoming session, there isn’t much in the data file that can actually influence things. Thus, much of the attention will continue to focus on the above developments.
06:00 GMT – Germany May GfK consumer sentiment
06:45 GMT – Business confidence in France in April
10:00 GMT – British retailer CBI reports April sales
That’s all for the upcoming session. I wish you good days ahead and good luck in your trading! Stay safe out there.
cnbctv18-forexlive
