You can’t make this stuff up. With May inflation at 8.1% across the euro zone, the Governing Council is leaving rates unchanged with an increase of 25 bps to be unleashed in July to “ensure that inflation stabilizes toward its 2% target over the medium term.”

Sigh…

Futures continue forming their triangle with a denouement likely coming after US CPI tomorrow morning.

continued for members…

More of the same… Currencies are all on hold, though the euro should start tanking in earnest any minute now…

Having broken out, USDJPY now has to defend 132.22. It is by no means guaranteed that it will. NKD has failed 8 times in the past year to hold its SMA200. CL is easing slightly while RB drifts higher.

…leaving TNX with a slight decline.

continuing…