DislikedAfter Draghi's remarks today, any big decision/statement at the June meeting seems less likely imo http://www.ecb.europa.eu/press/key/d...170529.en.html "Despite a firmer recovery, and looking through the volatile readings in HICP inflation over recent months, underlying inflation pressures have remained subdued. Domestic cost pressures, notably from wages, are still insufficient to support a durable and self-sustaining convergence of inflation toward our medium-term objective. For domestic price pressures to strengthen,...Ignored
With last Monday Draghis dovish comments on inflation, it seems now hard to expect something hawkish for the June meeting imo (yes we have improvements in both growth and employment fronts but inflation remains the one and only one ECB mandate).
I would like to scale in with today's pullback (= M flows ?) but I am quite cautious as there is noise DJT is going to pull US out of Paris Climate Deal (https://www.axios.com/scoop-trump-is...427773025.html) despite a large majority of americans support the Paris agreement (http://climatecommunication.yale.edu...ment_by_state/). I am wondering what will be the knee jerk reaction if such a decision is taken as it may isolate the US further on the international chess board .
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