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19 May 2014
Light calendar in Europe and US today – Danske Bank
FXStreet (Edinburgh) - FX markets would follow the risk trends on Monday, as there is not much in terms of data releases in both the euro area and the US, commented Sverre Holbek, Senior Analyst at Danske Bank.
Key Quotes
“In terms of data releases, we have a very light calendar today”.
“Instead, focus will continue to be on comments from ECB board members Weidmann, Mersch and Coeure. All of them have talked following the ECB meeting in May and especially Mersch’s comment that ‘Draghi only said, in his own way, what Mr. Trichet used to say with strong vigilance’ supports the case for further ECB easing in June”.
“Even Weidmann’s attempt to speak for the hawks was rather balanced and it did not change the market’s expectation of more easing”.
Key Quotes
“In terms of data releases, we have a very light calendar today”.
“Instead, focus will continue to be on comments from ECB board members Weidmann, Mersch and Coeure. All of them have talked following the ECB meeting in May and especially Mersch’s comment that ‘Draghi only said, in his own way, what Mr. Trichet used to say with strong vigilance’ supports the case for further ECB easing in June”.
“Even Weidmann’s attempt to speak for the hawks was rather balanced and it did not change the market’s expectation of more easing”.