Economic calendar: Empty calendar as US goes on holiday

9:40 am 20 June 2022

  • European stock markets set for a slightly higher opening

  • US traders are off for holiday

  • Flash PMIs, Powell's testimony later into the week

Futures markets point to a slightly higher opening of the European stock market session today, in spite of a mixed Asian session earlier today. Cryptocurrencies are trying to recover from recent declines although Bitcoin continues to trade below $20,000 mark. Risk-on moods can be spotted on the FX market with safe-havens, like USD or CHF, dropping while commodity currencies, like AUD and NZD, gain.

Economic calendar for today is empty. One thing to note is that US traders will be off for holiday today. There will be no cash session on Wall Street today. Futures markets continue to trade although trading hours will be shortened. Things get more interesting later into the week with flash PMI indices from Europe on Thursday as well as 2-day hearing of Powell in US Congress (Wednesday and Thursday).

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Changes in trading hours due to US holiday

  • No trading - CORN, SOYBEAN, WHEAT, SUGAR, COCOA, COFFEE, COTTON

  • Trading until 4:30 pm BST - VOLX

  • Trading until 6:00 pm BST - US30, US100, US500, US2000, TNOTE

  • Trading until 7:30 pm BST - GASOLINE, OIL.WTI, NATGAS, OIL, GOLD< SILVER, PLATINUM, PALLADIUM

Central bankers' speeches today

  • 2:00 pm BST - ECB President Lagarde

  • 4:00 pm BST - ECB President Lagarde

  • 5:45 pm BST - Fed Bullard

Top events in the later part of the weekend

  • Tuesday, 1:30 pm BST - Canada, retail sales for April

  • Wednesday, 7:00 pm BST - UK, CPI report for May

  • Wednesday, 1:30 pm BST - Canada, CPI inflation for May

  • Wednesday, 2:30 pm BST - Powell testifies in Senate

  • Thursday - Flash PMIs for June

  • Thursday, 12:00 pm BST - CBRT rate decision

  • Thursday, 3:00 pm BST - Powell testifies in House

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

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