According to a survey by Reuters
– OPEC output in June rises by 740k bpd to 26.24 million bpd
– Compliance with OPEC+ seen at 115%
This isn’t so much so a surprise as they are pumping more amid improving demand conditions, with output having risen in every month sine June 2020 (besides February).

Latest data released by Eurostat – 30 June 2021

Latest data released by Destatis – 29 June 2021

Forex news from the European trading session – 29 June 2021
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities higher; S&P 500 futures flat

USD/CAD closes back in on the 100-day moving average
The pair is up 0.3% on the day to 1.2370 with the high touching 1.2382, closing in on the 100-day moving average (red line) @ 1.2393.

A look at what is on the board for today
There aren’t any key expiries for today as the bulk of the strikes fall on Friday, coinciding with the US non-farm payrolls report release.

Latest data released by Destatis – 29 June 2021

Forex news from the European trading session – 28 June 2021
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities mixed; S&P 500 futures up 0.1%

Further remarks by Holzmann
This is consistent with the ECB messaging as of late, throwing the cards to September as the next key timeframe in which the market can expect something new from the ECB.

SNB policymaker, Andrea Maechler, comments
Pandemic or not, the SNB pretty much have their hands tied and if the ECB can’t even move an inch at the moment, there is no chance for the SNB to do so in any case.