COT Reports & Market Chat

Sophia

Market snapshot before New York session. (GMT+1)

🔹2:22 People's Bank of China cuts 7-day Reverse repo rate to 1.90%, from 2% USDCNH jumps up and later returns back most of the gains.
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🔹7:00 UK May payrolls change 23k vs -135k prior a hot job report, boots up cable, and hold the gains.
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📘US CPI the first key hurdle for markets this week

This afternoon:
13:30 US CPI Core MoM%
15:00 BoE Bailey speech.
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Sophia

BRACE yourself for a VERY active week👇
🇺🇸 CPI, PPI, FOMC (Dot Plot), Retail Sales, UMich Sentiment
🇪🇺 EU & DE ZEW, ECB Rate Decision
🇯🇵 BoJ Rate Decision
🇬🇧 UK Jobs
🇦🇺 AU Jobs
🇳🇿 NZ Q1 GDP
🇨🇳 CN IP

Note:
US Fed FOMC Rate decision with economic projection.
This week will start the first major wave on US CPI Tuesday, and be very volatile till Friday's BoJ meeting then end with UMich Sentiment.

Sophia

U.S. had intelligence of detailed Ukrainian plan to attack Nord Stream pipeline (https://www.washingtonpost.com/national-security/2023/06/06/nord-stream-pipeline-explosion-ukraine-russia/) (Gated, I attached a pdf version printed by google cached website, FYI.)
There is an analyst saying the US administration leaks this information to the media, implies that the White House plans to halt or at least freeze the war before they can be sure to win the US 2024 election.
Could this be good news for Euro in the mid-term?