EUROPEAN SESSION<\/p>\n
In the European session, we don’t have anything on the agenda as traders continue to wait for further US-Iran developments and the US CPI report due tomorrow. Oil prices continue to drive pretty much everything, with the Middle East situation remaining basically unchanged. <\/p>\n
Yesterday’s surge weighed on risk sentiment and dragged down stocks, cryptocurrencies, precious metals and risk assets in general, while giving the US dollar a boost. The pullback in the Asian session, on the other hand, helped reversed some of those losses. <\/p>\n
AMERICAN SESSION<\/p>\n
In the American session, we just get a couple of low-tier releases like the weekly ADP data and US Existing Home Sales. The data won’t change anything for the Fed, so the market reaction will be muted. <\/p>\n
This year has been all about the US-Iran war as the surge in energy prices led to a rise in global yields, weighed on global stock markets and pressured many currencies. We can blame a lot of things, but the main culprit was the war. The longer it drags on, the worse the economic consequences will be.<\/p>\n
CENTRAL BANK SPEAKERS07:15 GMT\/03:15 ET – ECB’s Elderson (neutral – voter)07:45 GMT\/03:45 ET – Fed’s Waller (neutral – voter)14:00 GMT\/10:00 ET – Fed’s Goolsbee (hawkish – non voter)16:00 GMT\/12:00 ET – BoE’s Dhingra (dovish – voter)17:00 GMT\/13:00 ET – Fed’s Barkin (neutral – non voter)17:30 GMT\/13:30 ET – ECB’s Lane (neutral – voter)20:00 GMT\/16:00 ET – Fed’s Collins (neutral – non voter)<\/p>\n","protected":false},"excerpt":{"rendered":"EUROPEAN SESSION In the European session, we don’t have anything on the agenda as traders continue to wait…\n","protected":false},"author":2,"featured_media":931479,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-931478","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/931478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=931478"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/931478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/931479"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=931478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=931478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=931478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}