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Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- Germany: PPI inflation report for the month of May will be released at 6:00 GMT. Prior 2.5 percent y/y, expected 2.1 percent.
- Italy: Trade balance report due at 8:00 GMT.
- Eurozone: April current account balance report due at 8:00 GMT, followed by construction output report at 9:00 GMT. ECB President Draghi’s speech due at 14:00 GMT.
- United Kingdom: Inflation reports including RPI, CPI, PPI, and HPI will be released at 8:30 GMT. CBI will release its industrial trend survey report at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. EIA will release its weekly crude oil inventory report at 14:30 GMT. Federal Reserve will announce monetary policy decision and will release projection materials at 18:00 GMT.
- Canada: CPI inflation report will be released at 12:30 GMT.
- New Zealand: Q1 GDP report due at 22:45 GMT.
