US-China trade continues to be stifled in the meantime and that's one major sticking point. Besides that, we're also waiting on breakthroughs from other countries in striking a compromise on tariffs. To that, there's still no avail as well.
US April Philly Fed business index -26.4 vs +2.0 expectedEyes on the global freight market as ocean bookings plungePeople in the freight industry are sounding the alarmWhat happens to the US economy when freight dries upFinancial Times on "Demand slump fuelled by Trump tariffs hits US ports and air freight"
For today, the focus will be to look towards any progress on the trade front once again. US futures are down amid some disappointment after getting their hopes up last week. Will that continue into the new week?
0800 GMT - SNB total sight deposits w.e. 25 April1000 GMT - UK April CBI retailing reported sales
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.
This article was written by Justin Low at www.forexlive.com. Read More Details
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