It’s going to be a boring day today in terms of economic releases as we basically have an empty calendar. The only highlight is the German IFO survey in the European session which is mostly correlated with the German PMIs and it’s unlikely to be market moving given the ECB’s hard pause and focus on inflation.
In the American session, we have just BoE’s Greene and Fed’s Daly speaking. Greene is generally leaning on a more hawkish side and she’s unlikely to change her stance given the BoE’s renewed focus on inflation. Daly is generally neutral to dovish, so you can expect her to have marked three cuts for 2025. The problem is that she’s not going to vote until 2027, so her comments have less weight.
This article was written by Giuseppe Dellamotta at investinglive.com.
