Central Bank Heads join panel discussion in Portugal today

At 08:00 GMT, ECB’s Lautensclager is due to speak today. EUR crosses can be impacted by any comments made.

At 09:30 GMT, ECB’s Coeure is due to chair a discussion on the Macroeconomics of price and wage setting. EUR crosses can be moved by any comments made in relation to ECB policy.

At 13:00 GMT, SNB Quarterly Bulletin is due to be released. This includes the Monetary Policy Report, the Exchange rate survey and a report on Business cycle trends. CHF crosses can be impacted by this publication.

At 13:30 GMT, ECB President Draghi, Fed Chair Powell, BOJ Governor Kuroda, and RBA Governor Lowe are due to take part in a panel discussion on the Macroeconomics of price and wage setting at the ECB Forum on Central Banking in Portugal. EUR, AUD, JPY and USD crosses may be moved by any comments made in relation to Central Bank policy.

At 14:00 GMT, US Existing Home Sales (MoM) (May) is expected to be 5.52M against 5.46M previously. After reaching a seven year high in November at 5.81M, this data point is ranging around 5.50M. The last reading missed expectations but the data shows that the market is still healthy. USD crosses can be moved by this data as analysts try to understand the impact on the economy.

At 23:45 GMT, New Zealand Gross Domestic Product (Q1) will be released with an expectation for 0.5% (QoQ) and 2.7% (YoY) against a prior number of 0.6% (QoQ) and 2.9% (YoY). GDP has come in around 0.6% for two quarters in a row and it is expected to slip slightly today. NZD crosses can be affected by this data release.