The new week will start off slowly, as both the US and UK markets will be closed on Monday— the former for Memorial Day and the latter for a bank holiday. Holidays in these financial hubs mean lower trading volume, possibly leading to sluggish price action. But there’s a catch: thin liquidity can at times magnify price movements if unexpected news hits the wires, with fewer traders around to absorb buy and sell orders. That said, caution is warranted for those who still decide to trade on Monday.

As we progress through the week, we anticipate a relatively calm period with few high-impact events likely to spark significant volatility. Nonetheless, the landscape could change on Friday with the release of critical economic indicators. On one side of the Atlantic, Eurozone May CPI figures will be released. On the other side of the pond, we’ll get core price consumption expenditure data, the Federal Reserve’s most closely watched inflation gauge.