#Goodmorning everyone! New week everyone! Lets see todays #IronFX #MainPoints by Marshall Gittler: • Focus this week on the Fed – Many speakers, including #Yellen and #Bernanke; minutes of the April #FOMC meeting – NY Fed Friday predicted rapid recovery; will FOMC members be convinced? – Market will also look for clues as to how Fed will raise rates, not just when • #Dollar to remain underpinned this week as focus is on Fed • #COT report shows speculators now net short #EUR; added to short #JPY positions – EUR downward momentum may be maintained – JPY could see substantial position-cutting if USD/JPY falls further (though we see the pair as trendless) • Today: – Sweden: #Unemployment for April forecast to have declined • Rest of the week – Tuesday: #RBA minutes Wednesday: Japan trade data Thursday: manufacturing PMI from China, manufacturing and service-sector PMIs from France, Germany & EU; US existing home sales Friday: Ifo, US new home sales for April Join us to stay up to date on #Forex : ironfx/en/research-and-analysis/market-analysis/daily-commentary
Posted on: Mon, 19 May 2014 05:50:26 +0000
Trending Topics
Recently Viewed Topics
© 2015