Analysts at TD Securities, (TDS), noted the forthcoming risk events to take note of.
"GBP BoE Governor Carney speaks at an event in Newcastle at 10:45am BST. We think it's unlikely that he veers away from the MPC's recent message, with the data pointing to the BoE being on track to hike rates in August."
"EUR Markets are looking for German factory orders to rise by 1.1% m/m in May, on the back of 4 straight monthly declines. Factory orders are down nearly 7% on a YTD basis as of April, making for weakest 4-month streak since the financial crisis, and not boding well for manufacturing activity into the middle of the year. The ECB's Praet delivers a keynote speech in Belgium at 9:30am BST."
"USD FOMC Minutes for the June meeting will be released at 14:00 ETand TD looks for an optimistic tone on-balance, in line with the upbeat economic outlook from the policy statement. ADP employment is out at 8:15 ET ahead of Friday's payroll report and the market looks for a slight pickup in job growth to 190k, while initial jobless claims are expected to edge lower to 225k for the week of June 30. ISM Non-Manufacturing PMI will round out the data calendar and the market consensus is for the index to edge lower to 58.3."
"MXN We expect a hawkish tone from the June monetary policy minutes, with less confidence in inflation convergence driven by peso instability on the back of political uncertainty (election, NAFTA). While we do not expect further hikes, so long as MXN is generally stable to appreciating, we expect policymakers to retain a hawkish, vigilant tone."
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