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22 Jun 2015
A glance at today’s calendar – Danske Bank
FXStreet (Edinburgh) - Chief Analyst Allan von Mehren gives a hint at the upcoming releases and events iin both Euroland and the US.
Key Quotes
“Focus will again be on Greece and the emergency Eurogroup meeting this afternoon and the EU summit tonight (starts at 19:00 CET). We expect the Greek government and its creditor institutions to reach an agreement this week with German chancellor Angela Merkel playing a key role in bridging the current differences”.
“Euro-area consumer confidence has declined in recent months mainly on the back of a rebound in the oil price but the weaker sentiment may also reflect the uncertainty about Greece. We expect that confidence edged down a bit further in May from its still high level”.
“US existing home sales should continue the underlying upward trend and increase 4.5%, which will leave the overall sales pace close to the peak of the current cycle but still below a reasonable longer-run level”.
Key Quotes
“Focus will again be on Greece and the emergency Eurogroup meeting this afternoon and the EU summit tonight (starts at 19:00 CET). We expect the Greek government and its creditor institutions to reach an agreement this week with German chancellor Angela Merkel playing a key role in bridging the current differences”.
“Euro-area consumer confidence has declined in recent months mainly on the back of a rebound in the oil price but the weaker sentiment may also reflect the uncertainty about Greece. We expect that confidence edged down a bit further in May from its still high level”.
“US existing home sales should continue the underlying upward trend and increase 4.5%, which will leave the overall sales pace close to the peak of the current cycle but still below a reasonable longer-run level”.