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European stocks seen launching the session higher
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German CPI expected to slow in March
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Trump to be interviewed on Fox News
As it is usually the case for Mondays, there are not any market moving data releases scheduled for today. Stock index futures point to a higher opening of the European cash session. Investors will be served preliminary CPI readings from Germany but it should not have much of an impact on the markets during the coronavirus crisis. Donald Trump is set to be interviewed on Fox News in the early afternoon and it may trigger some moves on the markets, depending on the content of the interview of course. Apart from that, it is rumoured that G20 trade ministers may hold an emergency video conference today.
Traders should keep in mind that a lot of key readings will be released in the later part of the week, including jobless claims and NFP reports.
Readings and events scheduled for today
12:55 pm GMT - Trump interview on Fox News.
1:00 pm GMT - Germany, CPI inflation for March (flash). Expected: 1.4% YoY. Previous: 1.7% YoY
3:00 pm GMT - US, pending home sales for February. Expected: -1% MoM. Previous: +5.2% MoM
3:30 pm GMT - US, Dallas Fed index for March. Expected: 6.2 pts. Previous: 1.2 pts
Daily summary: Powell is pushing the dollar higher. Now it’s time for Big Tech earnings. 📄
EURUSD falls below 1.16 after Fed 💵
FED Powell Conference (LIVE)
BREAKING: Fed cuts interest rates and will end QT on December 1st 📌
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