Hello monkeys,
Lots of things going on around the world this Thursday. I'll give you a quick list:
1. Former FBI Director James Comey's testimony- Comey will publicly describe conversations with Trump but stop short of saying if he thinks the president sought to obstruct a federal probe of Russia’s role in the 2016 election
ECB's meeting in Tallinn- Ninety percent of respondents in a Bloomberg survey said the ECB will use its meeting on Thursday to acknowledge the risks surrounding the euro area’s recovery are balanced. Beyond that, the 60 analysts are split on whether the central bank will remove its easing bias on interest rates, and the proportion expecting an announcement by September on the future of the bond-buying program has fallen since the previous survey.
UK general election
Lots of volatility expected in many currencies.
Here are some of the money manager positions: "Go long the euro. Short the pound. Sell Brazil’s real, the Mexican peso and South Africa’s rand." - Is anyone going to do this? I do think the US Dollar is up for shorting too; the US keeps on missing expectations while EU constantly beats expectations.
A few questions and thoughts to close out:
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Where do you monkeys see the UK Election going? Would it be a win for May? With all these terror attacks that constantly trip May and close the gap between her and Corbyn (at least, according to polls, but we know how inaccurate they've been this past year)
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Interest rates are expected to remain unchanged in the ECB meeting, but there is supposedly going to be a "language change" in the ECB to assess the upcoming risks of the region.
The report, which was attributed to unnamed euro-area officials, suggests that the ECB will show consumer-price growth falling to around 1.5 percent over the next three years, down from March predictions which estimated growth of between 1.6 percent and 1.7 percent.
Any insights on this?
Source:
Bloomberg
