7 Jul 2014
A quiet week ahead? - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes events for the week are not going to be market movers.
Key Quotes
"If last week's developments were not able to break the dollar out of its ranges, the events in the week ahead are unlikely to either. The May industrial production reports from the largest euro area countries will likely confirm the general impression that investors already have."
"Germany has lost some momentum. Spain is performing well. France and Italy are struggling."
"The main release from Japan will be its May current account figures. There are two key components."
"The trade balance and the investment income balance. The former is in deficit, despite (or because) the significant decline in the yen."
"The latter is in surplus and sufficiently so that it should overcome the trade deficit and put the external account into surplus. US data cycle is also at a low ebb in week ahead."
"The JOLTS data on the labor market may receive more attention by economists given that Fed Chair Yellen has referred to it. However, it is not a market mover. It follows on the heels of a national survey and is unlikely to dissuade investors and policy makers that the Fed is drawing nearer its mandates."
Key Quotes
"If last week's developments were not able to break the dollar out of its ranges, the events in the week ahead are unlikely to either. The May industrial production reports from the largest euro area countries will likely confirm the general impression that investors already have."
"Germany has lost some momentum. Spain is performing well. France and Italy are struggling."
"The main release from Japan will be its May current account figures. There are two key components."
"The trade balance and the investment income balance. The former is in deficit, despite (or because) the significant decline in the yen."
"The latter is in surplus and sufficiently so that it should overcome the trade deficit and put the external account into surplus. US data cycle is also at a low ebb in week ahead."
"The JOLTS data on the labor market may receive more attention by economists given that Fed Chair Yellen has referred to it. However, it is not a market mover. It follows on the heels of a national survey and is unlikely to dissuade investors and policy makers that the Fed is drawing nearer its mandates."