25 Jun 2015
Key events ahead and Greek negotiations continue - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation explained the key events ahead.
Key Quotes:
"In Asia, we have Taiwan CBC policy decision. Almost all forecasters are calling for rates to remain on hold, though a couple predict a cut. Philippines’ BSP is expected by all to keep policy on hold."
"The Eurogroup will continue their meeting at 1pm CET after no real progress was made between Greece and its creditors yesterday."
"US May personal income and spending will be released. Both are expected to pick up, personal income from 0.4%m/m to 0.5%m/m and personal spending from flat to 0.7% as a reduction in savings helps spending."
"The May core PCE deflator, the Fed’s preferred measure of inflation, is expected to remain at 0.1%m/m and 1.2%y/y while headline should rise on higher gasoline prices."
"Fed governor Tarullo will be speaking about the economy and regulations. Tarullo’s views are likely to be in line with the others on the Board of Governors, including Chair Yellen."
Key Quotes:
"In Asia, we have Taiwan CBC policy decision. Almost all forecasters are calling for rates to remain on hold, though a couple predict a cut. Philippines’ BSP is expected by all to keep policy on hold."
"The Eurogroup will continue their meeting at 1pm CET after no real progress was made between Greece and its creditors yesterday."
"US May personal income and spending will be released. Both are expected to pick up, personal income from 0.4%m/m to 0.5%m/m and personal spending from flat to 0.7% as a reduction in savings helps spending."
"The May core PCE deflator, the Fed’s preferred measure of inflation, is expected to remain at 0.1%m/m and 1.2%y/y while headline should rise on higher gasoline prices."
"Fed governor Tarullo will be speaking about the economy and regulations. Tarullo’s views are likely to be in line with the others on the Board of Governors, including Chair Yellen."