Focus is likely to be on comments from the Jackson Hole Central Bank conference.Especially Draghi’s dovish ones are likely to be in focus.
German IFO expectations are expected to continue the downtrend from January. Thedeclines have followed the slowdown in the US and China in Q1 and uncertaintyrelated to the conflict in Russia-Ukraine.
In the US new home sales are due for release and we expect a recovery after a veryweak month of June for the housing market.
During the rest of the week inflation figures in the US, Europe and Japan are likely toattract attention. Moreover, this week will bring durable goods orders and secondrelease of GDP for the US, euro-area money supply and bank lending and industrialproduction in Japan.
Read the full report: FX Daily