Only one day left to the UK referendum and the tension is high between the two camps, also known as Brexit, especially after the tragic assassination last week. On the economic calendar today we have New Zealand’s Credit Card Spending data out at 4 AM London Time (or GMT+1), followed by Swiss ZEW Economic Expectations at 10 AM.
Only ONE day left to Brexit Referendum | Forex Economic Calendar
Only ONE day left to Brexit Referendum
During the New York trading session Canada will release their Core Retail Sales at 1:30 PM London Time (or GMT+1), Swiss National Bank will release their Quarterly Bulletin at 2 PM, and the Euro zone’s Consumer Confidence will out at 3 PM. Also at 3 PM, Fed Chair Yellen Testifies on Semiannual Monetary Policy Report before the House Financial Services Committee, in Washington DC. Her tone could create volatility in the USD crosses.
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Yesterday’s Results… The Euro was little changed versus the US Dollar (at the time this report was written) after today’s Euro-Zone ZEW Survey showed Financial market experts’ sentiment concerning the Euro-Zone’s economy is more optimistic.
The Euro-Zone’s sentiment figure printed 19.2, which was above the prior 4.8. The Current Situation Assessment declined slightly to -10.0 in the Euro-Zone from the prior -9.2.
The German ZEW Survey of Economic Sentiment index rose to 19.2 from the prior reading of 6.4, and was above economist’s expectations of a drop to a 4.8 print. The German Current Situation figure rose to 54.5 from the prior 53.1 reading, above the expected 53.0 figure.
A reading above 0.0 indicates optimism, while below indicates pessimism. 202 analysts participated in the June survey.
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