Ket events ahead: major fireworks – Rabobank

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank noted the key events ahead.

Key Quotes:

“We started today with Aussie trade (which saw a much bigger deficit than expected: another reason AUD should weaken again ahead?) Next up we have services PMIs for Japan, China, and the UK. That is followed by Eurozone retail sales, and then we get to the major focus: the ECB decision. Market expectation is for major fireworks, and Mr. Draghi must surely know that he can’t afford to be seen to be behind the (spinal) curve. Indeed, having been far too tentative for years (due to the trauma of a partially self-inflicted back injury suffered by Germany in the 1920s), the ECB is now really ‘putting its back into it’ on the monetary policy front, making things all the trickier for the Fed.

Following that we have the US ISM services survey, then Yellen testifying to Congress, then factory goods and revised durable goods orders, and the Fed’s Fischer speaking, i.e., more back and forth.”
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Source:: FX Street