US: Focus on Fed Chair Powell – TDS

Analysts at TDS point out that the Fed Chairman Powell will participate in a 9:30 ET panel discussion on monetary policy with Draghi, Kuroda, and Lowe at the ECB's Sintra Conference and will be a key event for today’s session.

Key Quotes

“Looking to the data, the market expects the Q1 current account deficit to narrow to $128.2bn while existing home sales for May are expected to rise 1.1% to an annualized 5.52m units.”