6 Jan 2014
Coming up this week: ECB, BoE, US NFP
FXstreet.com (Bali) - Markets will have a plethora of key events to chew on this week, with ECB, FOMC minutes and the US jobs data among the top-tier fundamental developments coming down the pipe.
On Wednesday, the FOMC minutes will provide insights into the latest Fed's decision to initiate QE dectaper, while on Thursday, it will be the turn of the ECB and the BoE to spell out their monetary policy outlooks, with most of the attention on Draghi's press conference.
Over the past month, Draghi&Co. at the helm of the ECB have been sounding slightly more optimistic on contained risks of deflation within the Eurozone. The main focus, therefore, will be on how much emphasis is put on price pressures.
Will the ECB keep playing down deflation risks? Will Draghi signal additional measures in Q1 2014, including another round of LTROs to boost lending practices among EZ banks?
Lastly, on Friday, the US labour data will be published, with the latest consensus looking at around +200k and the jobless rate to stay unchanged at 7%.
On Wednesday, the FOMC minutes will provide insights into the latest Fed's decision to initiate QE dectaper, while on Thursday, it will be the turn of the ECB and the BoE to spell out their monetary policy outlooks, with most of the attention on Draghi's press conference.
Over the past month, Draghi&Co. at the helm of the ECB have been sounding slightly more optimistic on contained risks of deflation within the Eurozone. The main focus, therefore, will be on how much emphasis is put on price pressures.
Will the ECB keep playing down deflation risks? Will Draghi signal additional measures in Q1 2014, including another round of LTROs to boost lending practices among EZ banks?
Lastly, on Friday, the US labour data will be published, with the latest consensus looking at around +200k and the jobless rate to stay unchanged at 7%.