21 Mar 2014
It's a real Fed Friday – Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted that today is also data-light, however, amongst slim pickings, they explained what there is to focus attentions towards.
Key Quotes:
“We do get the UK public sector borrowing numbers from February, which should show a further trend improvement to -GBP7.0bn in the month”.
“We also see Eurozone March advance consumer confidence, which is expected to pick up from -12.7 to -12.3”.
“Apart from that it is a case of watching news from Russia/Ukraine and/or from China on the default front, but we do also have a slew of Fed speakers to listen to (it’s a real Fed Friday)”.
“We get first Bullard, then Fisher, and then Kocherlakota all speaking today on topics from “nominal GDP” (?), to forward guidance, to monetary policy. Overall, we can probably expect a somewhat more nuanced version of the pretty blunt message given by Yellen earlier in the week, i.e., a qualified increase in hawkishness”.
“Elsewhere, the BoE’s Dale also joins in with the central bank speak, but will have much less market impact, if any”.
Key Quotes:
“We do get the UK public sector borrowing numbers from February, which should show a further trend improvement to -GBP7.0bn in the month”.
“We also see Eurozone March advance consumer confidence, which is expected to pick up from -12.7 to -12.3”.
“Apart from that it is a case of watching news from Russia/Ukraine and/or from China on the default front, but we do also have a slew of Fed speakers to listen to (it’s a real Fed Friday)”.
“We get first Bullard, then Fisher, and then Kocherlakota all speaking today on topics from “nominal GDP” (?), to forward guidance, to monetary policy. Overall, we can probably expect a somewhat more nuanced version of the pretty blunt message given by Yellen earlier in the week, i.e., a qualified increase in hawkishness”.
“Elsewhere, the BoE’s Dale also joins in with the central bank speak, but will have much less market impact, if any”.