EUROPEAN SESSIONIn the European session, we don't have much on the agenda other than the Italian trade balance. The data is not going to change anything for the ECB, so the market reaction will be muted. AMERICAN SESSIONIn the American session, we just get a couple of low-tier releases like the weekly US ADP employment change and the US existing home sales. The data won't change anything for the Fed, so the market reaction will be muted. It's just going to be another day of waiting for the US CPI release and further US-Iran developments...