cottage
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salam sumer...
The Week Ahead
The post QE rebound in dollar was late but did came last week as markets' focus turned to Europe, China and G20. Fundamentally speaking, we'd expect dollar to stay supported as long as focus remains elsewhere other then Fed's QE program. Development in Ireland and China will continue to have an impact on market volatility while treasury yield will determine whether dollar and yen would take lead in risk sentiments trades. Also, Sterling was so far quite resilient thanks to buying in EUR/GBP. The pound will face some tests from UK data as BoE minutes this week.
1.
Monday : New Zealand retail sales; Japan GDP
2.
tuesday: Eurozone trade balance, US retail sales, empire state manufacturing; business inventories
3.
Wednesday: RBA minutes; UK CPI; German ZEW; US PPI, TIC capital flow, industrial production; NAHB housing market index
4.
* Wednesday: UK employment report, BoE minutes; US CPI, new residential construction; New Zealand PPI
5. Thursday: UK Public sector net borrowing, retail sales; Swiss ZEW; US jobless claims, Philly Fed survey; BoC review
6.
Friday: Japan all industrial index; German PPI
Source from Actionforex dan oandafxnews
The Week Ahead
The post QE rebound in dollar was late but did came last week as markets' focus turned to Europe, China and G20. Fundamentally speaking, we'd expect dollar to stay supported as long as focus remains elsewhere other then Fed's QE program. Development in Ireland and China will continue to have an impact on market volatility while treasury yield will determine whether dollar and yen would take lead in risk sentiments trades. Also, Sterling was so far quite resilient thanks to buying in EUR/GBP. The pound will face some tests from UK data as BoE minutes this week.
1.
Monday : New Zealand retail sales; Japan GDP
2.
tuesday: Eurozone trade balance, US retail sales, empire state manufacturing; business inventories
3.
Wednesday: RBA minutes; UK CPI; German ZEW; US PPI, TIC capital flow, industrial production; NAHB housing market index
4.
* Wednesday: UK employment report, BoE minutes; US CPI, new residential construction; New Zealand PPI
5. Thursday: UK Public sector net borrowing, retail sales; Swiss ZEW; US jobless claims, Philly Fed survey; BoC review
6.
Friday: Japan all industrial index; German PPI
Source from Actionforex dan oandafxnews
