FXStreet (Guatemala) – Analysts at Rabobank explained the key events ahead.
“We shift up to the UK for another look at Q1 GDP, where we get a little more detail on the expected 0.4% QoQ/2.5% YoY print. (In short, consumption up, capital spending perhaps too, but exports down and imports up: so much for rebalancing, but the election is out of the way now so we can try to get back to that temporarily).”
“We then have Eurozone confidence surveys for May, and the ECB’s Nowotny speaking.”
“After that it is off to the US, where we get initial claims,pending home sales, and hear from the always-dovish Kocherlakota from the Fed talking about monetary policy.”
“Of course, in the background we will have the G-7 meeting in Dresden rumbling on, with the concomitant game of quote unquote on Greece likely to continue to drive quotes in a variety of markets.”
(Market News Provided by FXstreet)