EUROPEAN SESSIONIn the European session, we don't have much on the agenda other than the final Italian inflation data which is not going to change anything for the market or the ECB. We got reports late yesterday from Fox News saying that US air, land and sea military assets were moving to the Middle East. It looked like US-Iran tensions were easing following Trump's comment on Wednesday that killings in Iran were stopping and reports that he refrained from using military force at the last minute.Now, it doesn't look like things are over yet, so the market might get back into pricing some geopolitical risk premium and maybe hedge into the weekend risk. The Fox News report added that the US military transit to the Middle East is expected to take a week, but you never know what could happen over the weekend with Trump.AMERICAN SESSIONIn the American session, we get Canadian Housing Starts, US Industrial Production and Capacity Utilization and the US NAHB Housing Market Index. All these indicators are rarely market-moving unless there a big deviations. We will also have some Fedspeak with Fed's Bowman and Fed's Jefferson being the main highlights, but it's unlikely they will add anything new at this point.CENTRAL BANK SPEAKERS15:50 GMT/10:50 ET - Fed's Collins (hawkish - non voter)16:00 GMT/11:00 ET - Fed's Bowman (dove - voter)20:30 GMT/15:30 ET - Fed's Jefferson (dovish - voter) This article was written by Giuseppe Dellamotta at investinglive.com.