A very quiet start to the week with no key data releases.
The only thing to watch is Fed’s Vice Chairman Stanley Fischer, who will deliver aspeech on ‘The Great Recession: Moving ahead’. He will speak from a prepared textand take audience questions.
There will be some interesting releases later this week. US retail sales and consumerconfidence are expected to show that the recovery in consumption is continuing albeitat a slower pace. Euro GDP figure for Q2 is due for release and we expect it to be0.2% q/q driven by domestic demand. Chinese industrial production should showincreasing growth and finally Japanese Q2 GDP figures, which should show a sharpfall due to the VAT hike.
Developments in the Ukraine crisis will also take centre stage this week, as it was themain issue moving the markets last week.
In Scandinavia inflation data out of Norway and Denmark will be in focus today.
Read the full report: FX Daily