Little net change in ECB-dated OIS this morning, with one more 25bp cut this cycle still fully price...
Find more articles and bullets on these widgets:
Gilt calls, 91.88/91.97 range.
No major surprises in the Swedish May budget balance, which printed a SEK51.1bln surplus broadly in line with the National Debt Office’s (NDO’s) SEK50.1 forecast.
Trend signals in AUDUSD are unchanged, they are bullish and the pair continues to trade closer to its recent highs. Key support lies at 0.6404, the 50-day EMA. A clear break of this average is required to highlight a potential short-term reversal. The pair has recently cleared a key short-term resistance at 0.6515, the May 7 high, confirming a resumption of the uptrend. Sights are on 0.6550, a Fibonacci retracement.