US consumer confidence and housing in focus today ...Middle East

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US consumer confidence and housing in focus today
The US is back from a holiday today and that will put the FX market at full staff after a period of low volumes. That means we could see some bigger flow-driven moves today, especially with month-end looming. Volatility could also spike if there is a surprise in the economic data.First up at the bottom of the hour is the Canadian April PPI report.The market is at 63% for a June 5 BOC rate cut so every piece of economic data from here will be a market mover. I'm also watching carefully for any kind of BOC leak this week.Then it's onto US housing data at 9 am ET with the housing price numbers from the FHFA and Case-Shiller.Top billing comes at 10 am ET with May US consumer confidence. This is

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