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Wednesday, July 2, 2025

European Markets Wrap-Up: US MBA mortgage applications w.e. 27 June +2.7% vs +1.1% prior

US MBA mortgage applications w.e. 27 June +2.7% vs +1.1% prior

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More from ECB's Rehn: Euro appreciation helped ECB reach 2% inflation target

ECB is in a good place, but no reason for complacency. Can't allow inflation undershoot to shift expectations. Concerned about inflation being below target for an extended time. Exchange rate is not a... 

Japan's Akazawa says will not sacrifice national interests by rushing into a trade deal

Any agreement that would hurt our national interests for the sake of timing should not be made There is possibility of travelling to the US but no specific schedule is decided yet Japan and US are con... 

BOE's Taylor: I think five rate cuts are needed in 2025

As a reminder though, Taylor is one of the more dovish members in the BOE and dissented against the decision last month here by voting for a rate cut. So, his remark above should be taken in that cont... 

BOE's Taylor says don't think bigger rate cuts are necessarily needed or desirable

Soft landing is at risk, UK economy is slowing down Starting to see cracks in the labour market Worried that inflation could undershoot target Everything has to be taken into consideration, we are not... 

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Latest Forex Orders

FX option expiries for 2 July 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1775 and 1.1800 levels. The one at the figure level is in focus again, similar to yesterday... 

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