It’s an empty day on the data front with just a few central bank speakers on the agenda. As a reminder, today is a holiday in Canada and the US. The US stock market will be open, while the bond market will remain closed.
19:00 GMT/15:00 ET – Fed’s Waller (neutral – voter)
Christopher Waller
is a key Fed governor because he’s been a “leading indicator” for changes in
Fed’s policy. He recently mentioned that they could go faster on rate cuts if
the labour market data worsened, or if the inflation data continued to come in
softer than everybody expected.
He also added that
a fresh pickup in inflation could also cause the Fed to pause its cutting. The
market is now almost perfectly in line with the Fed’s latest projections, so if
he brushes aside the recent inflation data, that will likely boost the risk
sentiment.
Central bank speakers:
07:00 GMT – ECB’s Villeroy (dove – voter)13:00 GMT/09:00 ET – Fed’s Kashkari (hawk – non voter)19:00 GMT/15:00 ET – Fed’s Waller (neutral – voter)21:00 GMT/17:00 ET – Fed’s Kashkari (hawk – voter)22:00 GMT/18:00 ET – RBNZ’s Hawkesby
This article was written by Giuseppe Dellamotta at www.forexlive.com.
