Intraday Market Thoughts

Euro powers on data flow vs stock

by Ashraf Laidi
Jun 2, 2015 16:56

Without the help of special effects or Greece rumours, it was the perfect storm of inflation-positive German and Eurozone inflation and German unemployment, which lifted 10-yr German bund yields by 30% to 0.67% today. The yields breakout above the 2-week trendline implies a possible extension towards 0.77%. Full charts & analysis.

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Euro powers on data flow vs stock - Yields Dax Euro June 2 2015 (Chart 1)

Act Exp Prev GMT
Eurozone Spanish Unemployment Change
-118.0K -115.4K -118.9K Jun 02 7:00
Germany Unemployment Change (MAY)
-6K -10K -9K Jun 02 7:55
Germany Unemployment Rate s.a. (MAY)
6.4% 6.4% 6.4% Jun 02 7:55
Eurozone Unemployment Rate (MAY)
11.2% 11.3% Jun 03 9:00

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