Sunday FX opening rates 17.06.2018
Merkel’s in the hot seat on Monday if her coalition partner would make more havoc . TRY should remain on the defensive as Turkey continues to be entangled in war stress.
So is the rest of the Middle East. OPEC members remain undecided and Grieve is warning May he could collapse her government.
Still the majors open quiet, close to Friday’s end of week rates. It’s early hours so be careful with liquidity as per usual. The data week starts light with the Buba report being a (small) highlight this Monday, but the Central Bank speakers will be all over it again( they just can’t get enough of it)with Fed’s Dudley( 12.45gmt) , Duke(13gmt) and Bostic(17 gmt)expected, BOC’s Patterson(15:45 gmt) and finally and Silver Tongue himself’s Opening remarks by the President at ECB Forum on Central Banking in Sintra, Portugal. He’s expected around 20 gmt
Wishing everybody an excellent week in our company again, here are the opening rates