Week ahead's focus on Yellen - Rabobank

Analysts at Rabobank offered a snap-shot of the week ahead.

Key Quotes:

"Today is a relative snooze-fest, data-wise; tomorrow sees PMI services in Japan and Europe along with a rate decision in Turkey (please see this preview) and US new home sales; Wednesday has US existing home sales; and Thursday the German IFO survey and US durable goods; Friday ends the week with Japanese CPI and Eurozone M3, then a second look at UK and US Q2 GDP. Apart from that, if one is not on a beach then one is ‘down in a hole’ – with Yellen’s Friday speech “Designing Resilient Monetary Policy Frameworks for the Future”(!) the one to watch."