EUROPEAN SESSION
In the European session, as it’s usually the case for Mondays, we don’t have anything on the agenda. Markets will likely stay rangebound or extend the risk-off moves that started on Friday.
The focus remains on the US-Iran stalemate as we enter the 12th week since the Strait of Hormuz got closed. Both parties remain adamant on their conditions, which raises the risk of a longer deadlock or even a resumption of hostilities.
AMERICAN SESSION
In the American session, we just have the US NAHB Housing Market Index. Housing data haven’t been market-moving releases this cycle. The market is now more concerned about the length of the Strait of Hormuz closure and the Fed potentially being forced to hike at some point.
CENTRAL BANK SPEAKERS
- 07:35 GMT/03:35 ET – BoE’s Greene (hawkish – voter)
- 08:30 GMT/04:30 ET – BoE’s Mann (neutral – voter)
- 12:30 GMT/08:30 ET – Fed’s Venable (neutral – non voter)
This article was written by Giuseppe Dellamotta at investinglive.com.
