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Bank of Japan meeting
- 22-05-13
The Bank of Japan is
likely to keep
policy on hold at
the latest meeting
following an
aggressive move to
expand policy. It is
unlikely that the
BOJ will want to
take further action
at this time and
will wait for
further evidence on
monetary expansion.
In this context,
there is scope for
some yen
strengthening.
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Huge event risk for
the week ahead - 20-05-13:
There are extremely
important market events during the week with Fed Chairman Bernanke's
congressional testimony and the FOMC minutes on Wednesday. This will be
followed by key flash PMI data from China and the Euro-zone.
Read more:
Waiting for the dollar correction |
The Latest market alerts and expert analysis
20-second
preview - Euro-zone PMI flash data - 23-05-13
There have been important concerns surrounding the Euro-zone economy. In
this context, the latest flash Euro-zone PMI reading will be extremely
important. Markets are expecting a small monthly improvement and in this
context, any decline would trigger substantial selling pressure on the
Euro.
Net
risk: Slightly negative for the Euro
2 0-second
preview - ECB President Draghi speaks - 23-05-13
Testimony from Fed Chairman
Bernanke was crucial on Wednesday and attention will focus on ECB
President Draghi on Thursday. In particular, any remarks on the
possibility of negative interest rates would be very important for
markets and any clearer hints would undermine the Euro. Draghi is likely
to be broadly downbeat.
Net risk: Negative for the Euro, but limited losses
2 0-second
preview - UK GDP revised - 23-05-13
There has been a poor run of data over the last two days, but the weaker
than expected retail sales data should not trigger any revision to the
first-quarter GDP data. Markets will, however, be on high alert for a
downward revision and, in this context, there will be relief if there is
no change.
Net risk: Slightly positive for Sterling
For further information please contact:
e-mail:
info@investica.co.uk
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