- UK stats office to delay July retail sales data release to 5 September
- A typical summer's day in European trading so far
- Eurozone June current account balance €35.8 billion vs €32.3 billion prior
- US, European officials reportedly to immediately work on security guarantees for Ukraine
- What are the main events for today?
- Fed chair Powell to adopt a more cautious approach at Jackson Hole - MUFG
- Another quiet session beckons for European traders
- Japan veteran lawmaker calls on BOJ to "start early" on interest rate hikes
It's been another slow session today and the lack of data releases and the limited newsflow didn't help at all. Overall, markets continue to display a rangebound price action as traders await Fed Chair Powell's speech on Friday.
Before that, the key events will be the Canadian CPI today, the RBNZ decision tomorrow, and the Flash US PMIs and the US Jobless Claims on Thursday.
In terms of market pricing, expectations are now for 53 bps of easing by year-end for the Fed, which is much lower than the 64 bps seen last week after the US CPI release.
Powell might be important but the NFP report in September is going to be even more important as it's going to influence interest rates expectations a lot.
