FXStreet (Barcelona) – The TD Securities Team previews the key events ahead in the US – FOMC Minutes, Fed Williams speech.
Key Quotes
“Minutes from the June 16-17 FOMC will come into focus amid ongoing Greek concerns, with markets interested in any discussions surrounding the Fed’s evolving view on inflation and growth, and any emerging consensus on the appropriate pace of policy withdrawal.”
“While markets viewed the June FOMC statement as dovish, there is a risk that the minutes hint at a more balanced discussion (which may be perceived as slightly more “hawkish”) on rate hikes later this year.”
“Fed’s Williams (dove, voter) will make remarks on the speaker circuit. On the supply front, the $21B 10yr auction will follow on the heels of a solid 3yr sale, with averages suggesting a stop 0.5bps through the screens as the buy side takes 70% of the auction (57% to indirects and 13% to directs).”
(Market News Provided by FXstreet)