EUROPEAN SESSION
In the European session, we don’t have anything on the agenda other than a couple of low tier releases that won’t change anything for the respective central banks.
The focus remains on the US-Iran tensions as risks of a military conflict increased following yesterday’s Axios report saying that a war was looking increasingly likely due to no evidence of a diplomatic breakthrough. Traders might want to err on the cautious side going into the weekend.
AMERICAN SESSION
In the American session, the main highlight will be the US jobless claims data. Initial claims are expected at 225K vs 227K prior, while continuing claims are seen at 1860K vs 1862K prior. The labour market data has been showing gradual improvement and stabilisation, which raised the bar for rate cuts. The data is unlikely to lead to major market moves at this point unless we get some notable deviations.
US continuing claims
CENTRAL BANK SPEAKERS
- 13:20 GMT/08:20 ET – Fed’s Bostic (hawkish – non voter)
- 13:30 GMT/08:30 ET – Fed’s Bowman (dovish – voter)
- 14:00 GMT/09:00 ET – Fed’s Kashkari (hawkish – voter)
- 15:30 GMT/10:30 ET – Fed’s Goolsbee (neutral – non voter)
