{"id":2175,"date":"2017-06-29T07:05:08","date_gmt":"2017-06-29T13:05:08","guid":{"rendered":"http:\/\/www.ctsfutures.com\/?p=2175"},"modified":"2017-06-29T07:05:27","modified_gmt":"2017-06-29T13:05:27","slug":"morning-thoughts-2017-06-29","status":"publish","type":"post","link":"https:\/\/udg.ehs.mybluehost.me\/morning-thoughts-2017-06-29\/","title":{"rendered":"Morning Thoughts – June 29"},"content":{"rendered":"

<\/a>Financials<\/u><\/strong> –
\nOver the past week we\u2019ve seen a big surge in hawkish comments from central bankers around the world.\u00a0 Yesterday\u2019s key contributor was BOE chief Carney saying they may need to remove stimulus soon\u2026nevermind that whole Brexit thing.\u00a0 This is creating two major shifts in market psychology at the moment.\u00a0 The first shift is an acceleration of dollar weakness as the more hawkish stances from the BOE and ECB (among a few others\u2026but not the BOJ) is reflected in the moods towards the currencies.\u00a0 The second change is in bond markets, where yields have been rising for several days now.\u00a0 Sticking with our UK focus for the moment, the yields on 2-year UK gilts hit its highest level since the Brexit referendum last night.\u00a0 Central bank commentary continues today with comments from the BOE\u2019s Carney on Bloomberg TV this morning and St Louis Fed Pres Bullard (recently dovish) speaking at noon today.\u00a0 After these two, I believe the planned central bank comments are mostly done for the week.<\/p>\n

\"Major<\/p>\n

On tap today we do have the third installment of Q1 GDP released this morning, though by now we hopefully shouldn\u2019t be due for major surprises.<\/p>\n

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