Another bare calendar session beckons in Europe today

Read full post at forexlive.com

The
kiwi
is
the
main
mover
among
major
currencies
so
far
today,
following
a
more
dovish
RBNZ
earlier

here.
Besides
that,
we’re
seeing
narrow
ranges
all
around
with
light
changes
ahead
of
European
trading.
What
else
is
new,
eh?

Fed
chair
Powell
was
in
the
spotlight
in
trading
yesterday
but
he
didn’t
offer
up
much
of
anything.
His
speech
was
all
about
maintaining
the
status
quo,
with
markets
still
expecting
~49
bps
of
rate
cuts
by
year-end
currently.
As
such,
the
dollar
didn’t
have
much
to
work
with
as
well
from
that.

Wall
Street
ended
with
a
more
mixed
mood
but
stocks
remain
buoyed
in
general,
especially
tech
shares.
The
S&P
500
and
Nasdaq
both
continue
to
hold
at
record
highs,
with
the
former
up
over
2%
on
the
month
and
the
latter
nearly
4%.

Looking
to
the
session
ahead,
there’s
not
going
to
be
much
catalysts
for
market
moves.
As
such,
the
overall
risk
mood
will
remain
a
key
driver
but
there
might
be
some
tentative
tones
as
we
move
closer
to
the
main
event
tomorrow.

The
US
CPI
report
for
June
is
the
big
attraction
this
week.
And
that
will
provide
markets
with
something
to
work
with
towards
the
latter
half
of
the
week.

1100
GMT
–
US
MBA
mortgage
applications
w.e.
5
July

I
wish
you
all
the
best
of
days
to
come
and
good
luck
with
your
trading!
Stay
safe
out
there.

16
–
With
his
goal
yesterday,
Lamine
Yamal
is
now
the
youngest
goal
scorer
in
Euros
history
at
16
years
and
362
days.
Wonderkid.