Economic calendar: Holiday in the US before a busy week

  • European indices poised for a lower opening
  • American traders are on leave due to a holiday
  • BoE, SNB and Norges Bank interest rate decisions later this week

European index futures point to a slightly red opening in today’s European money session. This comes after declines on Wall Street on Friday and after a rather bearish Asia-Pacific session. Oil is trading lower at the start of this new week after a number of banks cut their GDP growth forecasts for China over the weekend and Bloomberg reported that Iranian oil exports had hit a 5-year high.

Today’s economic calendar is empty and no major releases are expected. The trader should also keep in mind that liquidity conditions in the markets may be limited, especially in the afternoon, as traders from the US will leave for a holiday and there will be no trading session on Wall Street today (xStation trading hours are subject to change below).

However, things will get more interesting later this week with a series of events that will be sources of volatility for the markets. These include interest rate decisions from the Swiss National Bank, Bank of England and Norges Bank on Thursday, flash PMIs for June on Friday, as well as semi-annual testimony from Fed Chair Powell on Wednesday and Thursday.

Speeches of central bankers

  • 10:00 – Simkus from the ECB
  • 13:00 – ECB Lane
  • 13:40 – Schnabel from the ECB
  • 15:00 – Villeroy from the ECB
  • 20:00 – From Guindos from the ECB

Change in opening hours due to US holidays


  • Trade until 17.30 – VIX

  • Trade until 19.00 – TNOTE, US100, US30, US500, US2000

  • Trade until 19:30 – OIL, LSGASOIL


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