Guide to today’s important data and events

Lot of economic releases today, with high risk associated. Focus is on minutes from Bank of England and FED.

Data released so far -

• Australia - Westpac consumer confidence grew 6.4% in May to 102.4.

Upcoming -

• Japan - Coincident index and leading economic index to be released at 5:00 GMT.
  
  
• Germany - Producer price index for April, is scheduled at 6:00 GMT.
  
  
• US - FED's Evans is scheduled to speak at 7:00 GMT. Evans is the most dovish member of FOMC. Not many economic data scheduled for today. MBA mortgage application at 11:00 GMT and weekly crude oil inventory report at 14:30 GMT. FED will release April meeting's minutes at 18:00 GMT. This is today's most vital release and will decide the path for dollar ahead.
  
  
• Euro zone - ECB will be holding non-monetary policy meeting today. Range of topics to be discussed starting with Greece situation, volatility and liquidity in bond market and purchase program. Euro zone construction output is scheduled for release at 9:00 GMT.
  
  
• UK - Bank of England will release monetary policy minutes for May meeting at 8:30 GMT.
  
  
• Greece - Greece will release current account details at 9:00 GMT.
  
  
• Switzerland - Zew survey will release expectation for May at 9:00 GMT.
  
  
• Canada - Wholesale sales details for March to be published at 12:30 GMT.
  
  
• Japan - Japan will release foreign investment details in its securities around 23:50 GMT.