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AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

EURJPY TECHS

Path Of Least Resistance Remains Up

USDJPY TECHS

Corrective Pullback

ECB

Re headlines of ECB's de Guindos comments this morning on current eurozone yield levels being "favourable", this is the full quote from the Reuters coverage of his news conference:

  • "The present level of yields permits that the financing conditions of the governments as well as... for households and corporates are favourable"
  • While these comments come after a decent rise in yields over the past week or so, it's unclear whether de Guindos was also addressing this morning's break in yields to multi-month/year highs (Bund 10-Yr Yield highest since 2019), or what threshold might constitute "unfavourable" conditions.
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com