FXStreet (Barcelona) – The Research Team at UOB Group, preview the key central banks events and Fed member speech ahead in the week.
Key Quotes
“The Reserve Bank of Australia (RBA) (7 Jul) & the Bank of England (BoE) (9 Jul), have their respective monetary policy decision this week but both the RBA and the BOE are unlikely to change their respective monetary policy stances in July, attention will be paid to BOE comments on Greece and any adjustment to BOE’s forward guidance on interest rate normalization while RBA may hint on further rate easing in the near future.”
“And while the Fed Reserve does not have a FOMC decision this week, the US central bank is scheduled to release the minutes from its 16-17 June 2014 FOMC meeting on Wednesday (8 Jul) which will be gleaned for any insight about the Fed interest rate normalization process and timeline.”
“In addition to the FOMC minutes, several key Fed officials are scheduled to speak in public forums this week but the key person will be Fed Chair Yellen who will speak on the US economic outlook in Cleveland on Friday (10 Jul) and this will be seen as a preview to her upcoming semi-annual testimonies to US lawmakers next week (15-16 Jul). Other Fed speakers to watch include San Francisco Fed President John Williams (voter in 2015 FOMC) on 8 July, the Minneapolis Fed President Narayana Kocherlakota (non-voter in 2015 FOMC) in Frankfurt on 9 July, Fed Board Governor Lael Brainard (permanent FOMC voter) on 9 July, the Kansas City Fed President, Esther George (non-voter in 2015 FOMC) in Oklahoma on 9 July, and lastly, Boston Fed President, Eric Rosengren (non-voter in 2015 FOMC) who will speak on 10 July.”
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