Forex news from the European trading session – 1 July 2021
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities mixed; S&P 500 futures up 0.1%

Remarks by UK prime minister, Boris Johnson

The proposal is for a 2 million bpd easing of output cuts in Q3 and Q4
This being tweeted by renowned oil market journalist, Amena Bakr:
There is a proposal on the table that will be further discussed to ease 2 million bpd between august and December – sources

Reuters reports on the matter
This pertains to the OPEC+ meeting later in the day and it is no surprise to see deals/accords struck prior to the meeting itself. A 500k bpd overall increase is the baseline figure to expect so we’ll see if there are any other details in the hours ahead.

Draghi remarks on monetary policy
Well, old habits die hard they say. And Draghi is certainly proving that to be the case.

Forex news from the European trading session – 30 June 2021
Headlines:
Markets:
– GBP leads, CHF lags on the day
– European equities lower; S&P 500 futures flat

Remarks by BOE chief economist, Andy Haldane
dissented against the board
 

Latest data from the Mortgage Bankers Association for the week ending 25 June 2021

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