The G7 is meeting today in Canada. Any comments made by participants can result in market moves.
At 09:00 GMT, Eurozone Consumer Price Index – Core (YoY) (May) is expected to be 1.0% against the previous 0.7%. Consumer Price Index (YoY) (May) is expected to be 1.6% against the previous 1.2%. The recovery in the Euro area is still strong and growing despite some questionable economic data potentially weather related. CPI is stabilizing around 1.2%/1.3% with today’s reading expected to exceed that area and giving a new data high for 2018. EUR crosses can be impacted by this data release.
At 12:30 GMT, US Personal Consumption Expenditures – Price Index (YoY) (Apr) is expected to be 2% from 2% previously. Core Personal Consumption Expenditures – Price Index (MoM) (Apr) is expected to be 0.1% from 0.2% previously. Personal Consumption Expenditures – Price Index (MoM) (Apr) is expected to come in at 0.2% from 0.0% previously. Personal Income (MoM) (Apr) is expected at 0.3% from 0.3% previously. Personal Spending (Apr) is expected at 0.4% from 0.4% previously. Core Personal Consumption Expenditures – Price Index (YoY) (Apr) is expected to be 1.8% from 1.9% previously. 
Continuing Jobless Claims (May 18) is expected to be 1.749M against 1.741M previously. Initial Jobless Claims (May 25) is expected to come in at 228K against 234K previously. This data is showing an increase in the number of people who are jobless. USD crosses may be heavily traded as a result of these data points. 
At 12:30 GMT, Canadian Gross Domestic Product (MoM) (Mar) is expected to be 0.2% from 0.4% prior. Gross Domestic Product Annualized (QoQ) (Q1) is expected to be 1.8% from 1.7% prior. This data is expected to show that growth remains in expansion and is turning higher from the previous month’s low of -0.1%. CAD crosses can see spikes in volatility as a result. 
At 16:45 GMT, FOMC Member Bostic is due to speak at the Florida Prosperity Partnership Annual Statewide Training Conference, in Orlando. Audience questions are expected after and comments may result in moves in USD crosses.
At 17:00 GMT, FOMC Member Brainard is due to speak about the economic outlook and monetary policy at the Forecaster’s Club of New York Luncheon. Audience questions are expected to follow. Comments made can result in moves in USD pairs.
