Summary:
- Chicago Fed manufacturing index the sole index of note today
- Some central bankers on the agenda too
1:30 pm BST - Chicago Fed manufacturing index: This reading is the sole of note during Monday's session. Let us remind that we were offered a solid rebound in Philadelphia and New York last week (for May), hence expectations in theory should be quite high. However, the consensus suggests a slight deterioration to -0.2 from -0.15 this month. Keep in mind that the two regional readings have not been affected by a trade war escalation, hence the bounce in May could not be the best predictor of an improvement in industrial production.
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Create account Try a demo Download mobile app Download mobile appCentral bankers’ speeches:
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9:00 am BST - ECB’s Praet
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12:05 pm BST - Riksbank’s Skingsley
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2:30 pm BST - Harker
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5:30 pm BST - BoE’s Broadbent
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6:00 pm BST - Fed’s Clarida, Williams
The USDCAD is approaching the medium-term trend line after failing to break above 1.3520. Source: xStation5
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