UBS - "Yen weakness remains the dominant theme of FX markets as the BoJ is pressed to deliver, but the Fed should grab the limelight next week as the FOMC meets for the first time this year. With 2013 getting off to a strong start, markets will be sensitive to any hints of a policy shift which may bring forward the normalization schedule. The RBNZ is expected to leave rates unchanged. On the data front, payrolls and manufacturing ISM and Q4 GDP feature in the US. In Europe final PMIs are due.
In EM, policy rate decisions are due in Colombia, Hungary, India, Israel, and Malaysia. Other noteworthy events will be Moody's teleconference on Turkey's credit rating, South Africa's trade data report for December, and China's official PMI survey."

Views: 146

Comment by Francesc Riverola on January 25, 2013 at 6:28pm

and that's it for today... enjoy your weekend!

Comment by Gjert Myrestrand on January 26, 2013 at 2:08pm

I agree with you, Francesc. An exiting week ahead. The rise in EURUSD should be contained by expectations for the FED meeting. I´m a bit surprised by the "flock" who seems to see EUR rise to 1,40 and beyond. The US side of the equation needs to be taken into account as well. A reduced QE statement from the FED must have a serious impact on the EURUSD and stop it rise, which I personally feel has been overbought.


You need to be a member of Forex Social Network to add comments!


© 2019   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service


Live Video