European Commission will release the preliminary Consumer Confidence data for April on Monday and European Central Bank President will deliver a speech. The US economic docket will not feature any high-impact data releases. Investors remain optimistic about an avoidance of a further deepening of the crisis in the Middle East following a relatively quiet weekend in terms of news regarding the Iran-Israel conflict. At the time of press, US stock index futures were up between 0.4% and 0.6%.
The pair stays in a consolidation phase above 1.2350 in the early European session. Gold registered small daily gains on Friday but closed the week below $2,400. XAU/USD stages a technical correction on Monday and was last seen losing over 1% on the day below $2,360. Gold price extends its steady intraday descent to $2,360 area, bullish potential seems intact. USD/JPY moves up and down in a very tight channel below 155.00 on Monday.
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