30 Jun 2014
Thursday will be the key day this week - Deutsche Bank
FXStreet (Łódx) - According to Jim Reid from Deutsche Bank the most important events and data releases this week will take place on Thursday, with the ECB interest rate decision and US NFP report in the spotlight.
Key quotes
"The ECB is widely expected to stay put this month after the announcements at its June meeting, but as always Draghi’s press conference will be important."
"In terms of June’s payrolls, consensus is for a +215k gain in the headline and for unemployment to remain at 6.3%. The hawks will be watching for signs of wage growth but hourly earnings are expected to drop to a rate of 1.9% YoY from 2.1% in the previous month."
"Other data on Thursday’s calendar are US trade, jobless claims and the global non-manufacturing PMIs."
"Turkey’s June CPI will be the key event to watch in EM."
"US markets shut early on Thursday for Independence Day."
Key quotes
"The ECB is widely expected to stay put this month after the announcements at its June meeting, but as always Draghi’s press conference will be important."
"In terms of June’s payrolls, consensus is for a +215k gain in the headline and for unemployment to remain at 6.3%. The hawks will be watching for signs of wage growth but hourly earnings are expected to drop to a rate of 1.9% YoY from 2.1% in the previous month."
"Other data on Thursday’s calendar are US trade, jobless claims and the global non-manufacturing PMIs."
"Turkey’s June CPI will be the key event to watch in EM."
"US markets shut early on Thursday for Independence Day."