You can always find my weekly analysis in the FXRENEW Blog each week, along with articles and thought leadership pieces. My new Coaching Page is also online.
Here is this week's Game Plan:
On Saturday, China inflation data came in better than expected, despite the recent strength in the Yuan. Higher PPI reflects some underlying strength in the economy and higher commodity prices. No news is good news: NoKorea didn't launch any missles (yet) but the tensions are far from over. US political developments will continue to be a focal point with Congress debating the debt ceiling and (lack of) progress surrounding tax reform. We'll also continue to hear about the impact of Hurricane Irma. Some decent market moving events this week including BoE, Aud Employment and US CPI/Retail Sales.
USD: busy week with CPI, retail sales, industrial production and the preliminary reading of Michigan consumer sentiment.
EUR: Dull week for EU data, perhaps only the ECB speakers this week will attract attention, after the ECB's decision last week.
GBP: the Bank of England will meet to deliver its latest policy decision. Other important releases include CPI, unemployment rate and wage growth.
CAD: Nothing useful on the Loonie, which may take it's cue from Crude this week and broader USD dynamics.
AsiaPac: In China, analysts are eyeing industrial production, retail trade, fixed asset investment and foreign direct investment. In Australia, we will get the unemployment rate, NAB business confidence and Westpac consumer confidence.
Going into the week I remain bullish on GBP&JPY vs USD&NZD. Interesting action on the Dow...we may be in for a correction.
Nessun commento:
Posta un commento