In addition to headline news, the Univ. of Michigan preliminary sentiment will highlight.

The headline news from Israel and Iran will be continue. The goal is the Iranian enrichment program. Will they give it up? Will they dig in?

Other than that, the University of Michigan consumer sentiment preliminary data for June will be released at 10 AM with:

• Sentiment expected to rise to 53.5 from 52.2.
• Current conditions is expected to rise to 59.4 from 58.9 and the
• Expectations expected to rise to 49.0 from 47.9.

The 1-year inflation expectations last month came at 6.6% while the 5-year was at 4.2%.

Canada data will also be released at 8:30 AM with:

• Capacity utilization for Q1 expected at 79.8 versus 79.8 last month.
• Manufacturing sales -2.0% expected versus -1.4% last month.
• Wholesale trade -0.9% versus +0.2% last month.

This article was written by Greg Michalowski at www.forexlive.com.