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20 May 2014
ECB-speak in the limelight today - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects speeches by ECB officials to shed more light on the likeliness of ECB easing in June.
Key Quotes
"The way US equities traded yesterday - lowest volumes of the year, prices modestly higher -speaks volumes. Easy money with dovish comments from the Fed and pressure on the ECB to ‘do more' leave investors looking for yield, but not with any great gusto."
"Wider spreads in peripheral European bonds after last week's GDP data and ahead of this week's European elections are a sign of this nervousness as trades which have worked well this year run out of steam".
"There is very little in the way of economic data today (UK CPI, Polish Industrial, Production), but plenty of central bank speakers, from ECB, Fed and the Bank of England. Bill Dudley's speech at the NABE today (18:00 BST) will probably see a dovish Fed bias reinforced, while ECB speakers (Linde, Liikanen, Nowotny) all have the chance to add a little more colour to the debate about what the ECB can do on June 6."
Key Quotes
"The way US equities traded yesterday - lowest volumes of the year, prices modestly higher -speaks volumes. Easy money with dovish comments from the Fed and pressure on the ECB to ‘do more' leave investors looking for yield, but not with any great gusto."
"Wider spreads in peripheral European bonds after last week's GDP data and ahead of this week's European elections are a sign of this nervousness as trades which have worked well this year run out of steam".
"There is very little in the way of economic data today (UK CPI, Polish Industrial, Production), but plenty of central bank speakers, from ECB, Fed and the Bank of England. Bill Dudley's speech at the NABE today (18:00 BST) will probably see a dovish Fed bias reinforced, while ECB speakers (Linde, Liikanen, Nowotny) all have the chance to add a little more colour to the debate about what the ECB can do on June 6."