SNB monetary policy decision in focus later today
Good day, everyone! Hope you’re all doing well as we look to get things going in the session ahead. It’s been a decent start with the yen and aussie being notable movers.
The former is gaining as the risk mood continues to stay sour while the latter was brought lower after the latest jobs report highlighted further slack in the labour market with job gains largely attributed to part-time jobs amid a higher unemployment rate (though the participation rate also went up) than expected by markets.
There will be a couple of releases to move things along in the session ahead but besides the SNB, which is likely to be a non-event as well, there isn’t much else to really help with market direction so expect traders to stay focused on the risk and dollar themes today.
0545 GMT – SECO releases its latest economic forecasts on the Swiss economy
0600 GMT – Germany May final CPI figures
0630 GMT – Switzerland May producer and import prices
0730 GMT – SNB June monetary policy decision
0900 GMT – Eurozone April industrial production data