Good morning and have a nice day everyone! Here are the #IronFX main points for today: • #EUR higher on ECB officials’ comments – ECB is likely to refrain from further stimulus in coming months as it reviews lenders’ balance sheets. Effect of measures could be reduced by the reluctance of the banks to increase lending. Officials asked not to be identified. – Policy makers could act again before the end of the bank review if a shock to the #economy causes inflation outlook to worsen. • Overnight: #RBA minutes – RBA repeated that the current accommodative stance is likely to be appropriate for some time – Expressed concerns that low interest rates may not offset a drop in mining investments – #AUD high by historical standards, given the further decline in commodity prices • #RUB among #EM losers after gas talks broke down – Ukraine will only receive gas when it is paid in advance. • Today: – #Eurozone: German ZEW survey for June; Current situation index to remain unchanged. Expectations index to have risen. – UK: CPI for May is forecast to have slowed. – US: #FOMC starts its two day meeting. Headline and core #CPI rates for May to have remained unchanged. Both the housing starts and building permits are forecast to have declined in May. – Speakers: ECB Governing Council member Ewald Nowotny Join #IronFX to stay up to date with #Forex ironfx/en
Posted on: Tue, 17 Jun 2014 05:57:32 +0000
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