Politics still setting the scene – Danske Bank

Analysts at Danske Bank offer their view on the key market moving events likely to garner a lot of attention in the day ahead.

Key Quotes:

“Today, the most important release is the Swedish housing price data from Maklarstatistik. We think the release is likely to show a decline in housing prices.

Otherwise, markets will focus on the ongoing Italian budget negotiations with the final 2019 DEF document still to be released and what happens with the Brexit negotiations now the Conservative Party Conference is over.”

Russia’s Novak: Russia will confirm its June commitments on oil output

Russia’s Energy Minister Alexander Novak is on the wires now, via Reuters, noting that Russia will confirm its June commitments on the oil output. On
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EUR/USD could now drop to 1.1411 – Commerzbank

In light of the ongoing sell off, the pair could now retreat to the 1.1411 level, suggested Karen Jones, Head of FICC Technical Analysis at Commerzban
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