EUROPEAN SESSIONIn the European session, the only highlights will be the final PMIs for the major Eurozone economies and the UK. The data is not going to change anything for the respective central banks, so the market reaction will be muted.In terms of price action, we will likely see just a follow through of yesterday's moves as the mixed NFP report was enough to trigger a slightly dovish repricing. The next key risk event will be the US CPI report releasing on July 14th.AMERICAN SESSIONIn the American session, the market activity will start to die down as the US is on holiday for the long Independence Day weekend. As a reminder, the US markets are closed today. All in all, it should be a rather uneventful day.CENTRAL BANK SPEAKERS08:00 GMT/04:00 ET - ECB President Lagarde (neutral - voter)15:00 GMT/11:00 ET - BoE Governor Bailey (neutral - voter)15:00 GMT/11:00 ET - ECB's Nagel (hawkish - voter)15:00 GMT/11:00 ET - ECB's Makhlouf (neutral - voter) This article was written by Giuseppe Dellamotta at investinglive.com.