European session
In the European trading session, we don’t have anything on the agenda, so price action will likely stay within its range unless we get some catalyst from the US-Iranian side.
American session
In the American session, we only get a couple of low-level releases such as the US and Canadian trade balance or current US home sales data which will not change anything for the central banks involved.
The mood in the markets is a bit more positive as the recent escalation between Iran and Israel ended quickly and Trump continues to tout an imminent deal.
However, the main event this week is tomorrow’s US CPI report, which could exacerbate recent hawkish moves or lead to a comfortable rally in the short term.
