In the European session, we get just a few low tier releases like the Eurozone Retail Sales and the Construction PMIs. None of these data will change anything for the ECB or the market.
In the American session, it’s even worse as we have just the Canadian PMIs. The only highlight today could be Fed’s Cook as she speaks on the “US and global economy” at a virtual event. She might be the next opening the door for a cut in September.
We already got a few nods from Fed’s Williams and Fed’s Daly for a potential September cut and the market has been indeed fully pricing in such a move since the softer than expected NFP.
This article was written by Giuseppe Dellamotta at investinglive.com.
