No Data
Euro Trades Higher on the Day, Eyeing 1.0750 – Scotiabank
The Euro (EUR) is modestly higher on Tuesday's session, reflecting a mild narrowing in 10Y OAT/Bund spreads. The gap remains relatively significant (75bps), however, as tensions in the Eurozone persist, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
ECB Vice President Guindos: Quarterly Forecast Meeting Will Be Key for Major Interest Rate Decisions.
Vice President of the European Central Bank, Luis de Guindos, hinted that the quarterly forecast meeting will be a key decision for interest rates. This decision maker suggested that meetings to prepare forecasts in September and December may be crucial. "Forecasts are updated every three months, and the next one is in September," Guindos said. "This is one of the most important and interesting moments because forecassts are an important indicator of how interest rates will evolve." His speech is consistent with the views of other decision makers who do not want to cut interest rates further at the July meeting. "The medium-term direction is clear, but in the short term, it will depend on the data," he said.
German ZEW Economic Sentiment Index Edges Higher to 47.5 in June Vs. 50.0 Expected
The headline German ZEW Economic Sentiment Index edges a tad higher from 47.1 in May to 47.5 in June. The market consensus was for a 50.0 print.
EUR Keeps Afloat Amid ECB Comments – Scotiabank
European Central Bank (ECB) policymakers indicated that the French situation is “contained”, allowing the Euro (EUR) to float above 1.07, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
European Central Bank's chief economist is confident that inflation will fall back to 2% in the second half of next year.
Zhijun Finance learned from the app that Philip Lane, Chief Economist of the European Central Bank, said in an interview on Monday local time that the European Central Bank is confident that the inflation rate will fall back to the target value of 2% next year, although there will inevitably be some "noisy" inflation rate data in the process. "We have great confidence in the inflation target for the second half of next year," Lane said in a media interview on Monday at the London Stock Exchange. "So we must carefully interpret the economic data we receive, but try to distinguish between noise and key signals." In the interview with the Chief of the European Central Bank...
ECB's Lane: Seeing Significant Wage Increases in Some Countries
European Central Bank (ECB) Chief Economist Phillip Lane noted on Monday that they are seeing significant wage increases in some Eurozone countries, per Reuters.
razo2 : I think better keep eyes on data. Friday MM will not want to pay out the bulls.
SpyderCallOP razo2: Of course those tricky MMs don't want to pay anybody. Especially on mid month expirations. Usually there is a little volatility around those expiration dates.
It is possible we might see a bit more volatility today, Wednesday, or Friday. Wednesday is the official monthly expiration but sometimes the rollover can happen before or after, like on a Friday.
But it is a possibility that investors might have already rotated their contracts. After a crazy rally like we have seen, it makes me think a lot of capital has already moved around. So then the volatility might be just like any normal day.
102905741 : stok data in market
102905741 : stok data in market..