FXStreet (Guatemala) – Analysts at Rabobank noted the key events taking place for today and the ret of the week.
Key events:
Today has relatively little economic data to focus on, with the five ECB speakers potentially of more interest (Nowotny, Praet, Weidmann, Draghi, and Coene). Indonesia has monthly trade data, and in the US we have the Empire PMI,industrial production and the NAHB housing market index.
“The rest of the week is also heavier on key events than data with Tuesday seeing the RBA’s last set of minutes, the ECJ ruling, UK CPI, the German ZEW survey, and US housing starts/building permits; Wednesday, Japanese trade, UK unemployment, the BOE minutes, Eurozone final May CPI, and the FOMC meeting decision; Thursday US current account and CPI along with the Philly Fed; and Friday the BOJ’s monthly policy decision. In short, there may not be that many ‘big’ numbers this week, but there are some far larger decisions that need to be taken.”
“Of course, one may not concur with this assessment: but as Chinua Achebe also wrote, “If you don’t like my story, write your own”: that, as they say, is what makes a market.”
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