24 Mar 2014
Market drivers for the Week Ahead - BBH
FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman can see nine events this week that investors will have to navigate.
Key Quotes
“1. There has been no attempt (yet) by Fed officials to guide the market away from the implication of Yellen's definition of "considerable period". 2. The Fed also draws attention at mid-week with the second part of the stress tests, which are essentially a review of the banks' capital plans. 3. European flash PMIs were mixed.”
“4. The economic highlights from the UK will be CPI and retail sales. 5. As Japan's fiscal year winds down, Japanese inflation has stabilized, just as BOJ's Kuroda had warned investors. 6. HSBC's flash manufacturing PMI for China was weaker than expected.”
“7. The yuan is stronger today but pressure may continue. 8. The threat by Kiev politicians to cut Crimea's water and/or electricity off is a dangerous provocation. 9. While politics may always be local, this weekend's French municipal elections (run-offs next weekend) may be looked upon for insight into the May EU parliamentary elections.”
Key Quotes
“1. There has been no attempt (yet) by Fed officials to guide the market away from the implication of Yellen's definition of "considerable period". 2. The Fed also draws attention at mid-week with the second part of the stress tests, which are essentially a review of the banks' capital plans. 3. European flash PMIs were mixed.”
“4. The economic highlights from the UK will be CPI and retail sales. 5. As Japan's fiscal year winds down, Japanese inflation has stabilized, just as BOJ's Kuroda had warned investors. 6. HSBC's flash manufacturing PMI for China was weaker than expected.”
“7. The yuan is stronger today but pressure may continue. 8. The threat by Kiev politicians to cut Crimea's water and/or electricity off is a dangerous provocation. 9. While politics may always be local, this weekend's French municipal elections (run-offs next weekend) may be looked upon for insight into the May EU parliamentary elections.”