EUROPEAN SESSION
As is typical for a Monday, the European session calendar is empty. The markets will possible proceed to consolidate as we await some breakthrough within the present US-Iran stalemate.
Iran proposed reopening the Strait of Hormuz in alternate for the lifting of the US blockade, with nuclear talks to observe at a later stage. We are going to see if Trump accepts this concept.
The excellent news for the markets is that there isn’t any preventing and either side proceed to barter to discover a diplomatic resolution to the hostilities. There’s at all times the chance that the battle might resume at any second, however the peak in unhealthy information has handed a very long time in the past.
AMERICAN SESSION
Within the American session, there’s solely the US Dallas Fed Manufacturing Index. This isn’t a market-moving launch and will not change something for the Fed or the markets, so the information will possible be ignored.
CENTRAL BANK SPEAKERS
- 16:30 GMT/12:30 ET – ECB’s Schnabel (impartial – voter)
This text was written by Giuseppe Dellamotta at investinglive.com.
