Forex news from the European trading session – 10 June 2021
Headlines:
Markets:
– AUD leads, GBP lags on the day
– European equities lower; S&P 500 futures flat

ECB announces their latest monetary policy decision – 10 June 2021
The part on PEPP highlighted in bold is the key takeaway i.e. no changes from policy as laid out back in April. The language on rates is also similar and that is no surprise as the ECB steers clear of any taper talk in the

Remarks by Australian prime minister, Scott Morrison
The idea is enticing but implementation may take a while with the HK-Singapore travel bubble also already pushed back for further review in early July.

WSJ reports that Coinbase is teaming up with a 401k provider to offer crypto
The story was out a little earlier before the Basel news but didn’t quite gather enough traction but perhaps put together, it is starting to reverberate into broader sentiment in the crypto market – or maybe it was just a delayed reaction.

Bitcoin up nearly 5% on the day currently
Buyers aren’t giving up just yet as the bounce off the swing region around $32,000 starts to look for more upside, helped by the Basel news earlier .