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.

Click To Enlarge

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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