For the rest of the day, there are no major events to look out for. However, several ECB speakers will share their thoughts onfollowing the dovish comments from the Greek Central Bank President Yannis Stournaras. Snow also discusses the dollar and notes that it would be difficult for bulls to chart a sustained move higher. The, as they are at or near all-time highs. Gold is showing signs of a potential bullish continuation, as long as the precious metal stays above the prior high.
Snow also mentions the June meeting for the Fed, which seems likely to be the next big interest rate development. He suggests that the US and Eurozone have different economic situations, which may lead to the ECB adjusting their monetary policy earlier than the Fed. In terms ofprices, they are trading within an upward channel and have been bouncing off key levels positively. If Brent crude closes above a certain level, it would be a positive signal.
In terms of indices, European stocks are still on the rise, while US equities show no signs of reversing. This indicates a bullish continuation in the absence of evidence to the contrary. In Japan, the outcome of wage negotiations could impact whether the Bank of Japan raises interest rates out of negative territory.
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