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Tuesday, July 2, 2024

European Markets Wrap-Up: ECB's Wunsch: There is room for second rate cut barring any major negative surprises

ECB's Wunsch: There is room for second rate cut barring any major negative surprises

A small deviation from the projections would not change this view dramatically There is probably a premium in waiting for a meeting with new forecasts i.e. September But I would not make that a condit... 

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FX option expiries for 2 July 10am New York cut

There aren't any major expiries to take note of for today. However, just be wary that there are some big ones layered for EUR/USD especially between 1.0700 to 1.0800 during the week. There will also b... 

Eurozone inflation the highlight of the agenda in the session ahead

The dollar showed much resilience in trading yesterday, despite a softer US ISM manufacturing report here . One of the reasons for that has been the continued climb in bond yields, with 10-year yields... 

BOJ expected to trim monthly bond purchases by ¥16 trillion in first year - survey

That should roughly translate to monthly purchases of around ¥4.65 trillion, down from the current pace of around ¥6 trillion. As for the second year, the survey respondents expect the monthly purchas... 

Gold holds consolidation range to start July trading

After a brief attempt to hold a firm break above $2,400 in May, gold has settled down to rest in more of a consolidation range since. The technical writing on the wall was a forming head-and-shoulders... 

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FX option expiries for 2 July 10am New York cut

There aren't any major expiries to take note of for today. However, just be wary that there are some big ones layered for EUR/USD especially between 1.0700 to 1.0800 during the week. There will also b... 

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