German IFO expectations are expected to show signs of improvement. We forecast an increase for the first time since April. The ZEW expectations increased for the first time in 10 months in November and although many do not like the financial ZEW expectations, they are usually a good indicator.
Weidman is scheduled to speak and it will be interesting to hear his response to the ‘doves’. ECB’s Honohan (Ireland) and Nouy (SSM Chair) will also speak today.
The oil market will focus on the outcome of the Iran nuclear negotiations, which are set to conclude in Vienna today.
The Danish refinancing auctions continue today. The mortgage banks will sell DKK20.6bn DKK bonds. Hence, we will see a significant drop in the total auction amount compared to last week.
Read the full report: FX Daily