EUROPEAN SESSIONIn the European session, we don’t have much on the agenda other than a couple of low tier releases like the final French CPI and Italian industrial production. The data is not going to change anything for the ECB, so the market reaction will be muted. Now that the US-Iran situation seems contained, the focus shifted back to the US CPI report coming out on Tuesday. AMERICAN SESSIONIn the American session, we have the Canadian employment report. The consensus sees 10K jobs added in June vs 87.8K in May and the unemployment rate remaining unchanged at 6.6%. The Bank of Canada is in a neutral stance and has been highlighting economic weakness despite acknowledging the possibility of rate hikes due to inflation risks. The data today in unlikely to change much for the BoC, so the market reaction might be limited unless we get very big deviations. This article was written by flfeaa2662d774455a8d50fa77b791ed5f at investinglive.com.