What's on the Calendar?
7:00 GMT - CHF Money Supply M3 (YoY) - 2.9% prior
8:00 GMT - CHF Total Sight Deposits CHF (JUL 20) - 576.1b prior
8:00 GMT - Domestic Sight Deposits CHF (JUL 20) - 473.0b prior
Well that's a pretty light looking calendar for the session. A single low impact release from Switzerland is just what you want on a Monday, to be honest.
I'm willing to put my neck out on this one and say that the Swiss Money Supply M3 (YOY) for June, isn't going to cause EUR/USD to drop 200+ pips, so barring some crazy political headline or the like, the focus is going to be all about good quality levels and the way that price reacts around them.
We're having a bit of a laugh about it, but is anyone here looking forward to the release? Happy to shout you out if you are!
