A bit of a quiet one on the agenda to start the new week
Good day, everyone! Hope you're all doing well as we start to creep towards the start of the European morning session. It's been a quiet one thus far with trading ranges still holding quite narrowly (as a reminder, Tokyo trade is closed until next Tuesday) but the aussie and kiwi has gained some ground though it's nothing too significant.
The session ahead has little in terms of key economic releases to shake things up so we'll have to go with the ebb and flow once again to start the trading week.
0800 GMT - Eurozone March M3 money supply
Prior release can be found here. General indication of broad money growth in the Eurozone economy. Not a major release by any means.
0800 GMT - SNB total sight deposits w.e. 26 April
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0900 GMT - Eurozone April final consumer confidence
0900 GMT - Eurozone April economic, business, industrial, services confidence
Prior release can be found here. Consumer and economic confidence in the region has been waning and the data here should very much still confirm that sentiment remains weak as the likes of Germany and Italy continue their struggle, alongside fading inflationary pressures. A minor data point.
Aside from the above, BOE governor Mark Carney is scheduled to make a 10-minute appearance as he delivers the keynote speech at the Innovate Finance Global Summit in London. That is scheduled for 0810 GMT and I wouldn't expect any notable comments as the summit pertains more to fintech.
I wish you all the best of days to come and good luck with your trading!
