Forex, video, latest July 22, 2021 12:01 pm
ECB to change its forward guidance to align with a strategy review
Tuesday’s rebound stuck inside trading yesterday as a market sought calmer tones, with 10-year Treasury yields rebounding return to 1.28% also is staying thereabouts now.
There is still plenty of debate on a inflation topic, Corona fears, also whether or not this is just a case of Occam’s razor i.e. yields are trending lower inside a long-term. But there are no straightforward answers just yet going into a FOMC meeting next week.
Oil also saw a solid rebound yesterday, bouncing off key technical support levels this week to move to $70 before a bit of a pullback today – down 0.4% to $70.03.
a yen is mildly higher while a loonie also kiwi are a touch softer, though nothing that stands out all too much as us look towards European trading.
1000 GMT – UK July CBI trends total orders, selling prices
1145 GMT – ECB announces its July monetary policy decision
1230 GMT – ECB president Lagarde press conference
a market become scan for clues from Lagarde about PEPP purchases ahead of a supposed September decision where a ECB might announce changes to a programme. Besides that, her tone become also become one to take note of inside case it skews towards any added optimism or pessimism on a EU area outlook also inflation inside general.
That’s all for a session ahead. I wish youre all a best of days to come also awesome luck with your trading! Stay safe out there.
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