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FXstreet.com (Barcelona) - There are 3 standout releases and 1 big event this week, Nomura Strategist Matthew Slade describes. The first comes int he form of German ZEW on Tuesday 10:00 BST, with Slade noting "our economists expect a decline reflecting weakness in the equity market." Second, the FOMC on Wednesday at 19.00 BST, where Slade does not expect the FOMC to announce a reduction in its pace of purchases. Thirdly, we get the HSBC flash manufacturing PMI on Thursday at 02:45 BST, with Slade saying "we expect a decline given weakening growth momentum." Lastly, the Euro area PMI comes also on Thursday at 09:00 BST, where "an improvement as a result of robust new orders in May is expected" Slade concludes.
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