Forex - EUR/USD, USD/JPY Flows: waiting game early week

 08:23 (GMT) 17 Jun

  [Forex Flows]

Sample Premium Content

Somewhat of a waiting game to start the week, very flat and tepid, as the market sits on its hands ahead of the FOMC later in the week and to a lesser extent to see if Draghi delivers a keynote speech at the ECB conference later today or just sticks to usual refrains. In the meantime, in a FT interview, ECB's Coeure says most economic news may be temporary but that signals from financial markets are 'more alarming'. Stand out comment is probably, that 'at the moment we are talking about contingency planning, but at some point in coming months we might well be facing a situation where risks have materialised'. Elsewhere Coeure is also a bit less negative on the economy (not that bad, services construction doing quite well), but it does at least suggest the ECB also has a possible conditional easing bias too, depending on how things play out through the summer into autumn. Draghi will be watched closely in his evening opening address.

CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now