FXStreet (Guatemala) - Analysts at Rabobank note that this week will come with more to get involved with.
“Today starts off quiet with only German industrial production (seen 0.0% MoM and 3.6% YoY)”.
“Tomorrow has Aussie NAB business confidence for June, German trade data, and UK industrial production, along with the US NFIB small business survey and consumer credit data. There are also two Fed speakers (Lacker on the economy, and Kocherlakota on monetary policy)”.
“Wednesday sees the RBA’s Manning speak in Sydney, Aussie consumer confidence, Chinese CPI and PPI, and the Bundesbank’s Dombret speaking. We also get to see the Fed’s last set of minutes. Meanwhile, in Indonesia the presidential election takes place: opinion polls have this too close to call, and markets will certainly be hoping for a decisive outcome from a candidate who will be serious about tackling the long list of economic reforms that Indonesia badly requires. Wednesday also sees the start of a two-day US-China Strategic and Economic Dialogue in Beijing – though despite the ostensible US “pivot to Asia” just how much is likely to be achieved in concrete terms remains to be seen given China’s understandable focus on its own near-term economic problems”.
“Thursday has Japanese machine orders, Aussie unemployment data, and the Chinese trade release (and at some point from Thursday onwards China will also release its key aggregate financing data for June). In Indonesia BI meets to set rates, while in India Prime Minister Modi’s new government will release its first budget, which will be closely monitored by markets. In the UK there are also trade data and the BOE rate decision (or should we say “indecision”?), and in the US wholesale inventories and the Fed’s George talking on the economy and Fischer (that’s Stanley) on financial sector reform”.
“Friday has Aussie home loans data and the Fed’s Lockhart and Evans speaking on the economy”.