Busy week ahead for financial markets – UBS

By FXStreet FXStreet (Córdoba) – The next week is promising to be an interesting week for financial markets, according to the UBS analyst team, with the ECB likely to deliver further monetary easing and the US receiving the last labor market report before the December Fed meeting.

Key Quotes

“Furthermore Chinese and US PMI’s are likely to shape views on the Chinese economy as well as Fed hiking expectations”.

“Central banks in Canada, India and Poland are unlikely to change their monetary policy stance. However, especially in Canada, it will be interesting to see if the central bank moves its dovish stance to a rather balanced stance, which should support the CAD”.

“We stick to our view that the EUR is likely to suffer on the back of further easing and the USD is likely to strengthen on good data raising the odds for a December rate hike”.
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Source:: FX Street