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28 Jan 2015
Key events coming up - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the up and coming key events for the rest of the day.
Key Quotes:
"Today the focus is on the policy struggle between Germany/the Troika and the new Greek government. (Now there is bipolarity for you!) The market narrative there still seems to be “...and they all lived happily ever after”, when some of us see far scarier shapes in the ink swirls."
"Apart from that we have the looming Fed decision. How hawkish or dovish will they be relative to the last meeting? How will they analyze the split between durable goods and housing, and between equities and bond yields? Either way, we are likely to get further FX volatility."
"A dovish shift will suggest profit taking on USD long positions, and that the BOJ and ECB will need to do much more if they want to win this currency war. However, an unchanged or hawkish statement would back more USD strength and increased competition among almost everybody else to benefit the most from that trend."
Key Quotes:
"Today the focus is on the policy struggle between Germany/the Troika and the new Greek government. (Now there is bipolarity for you!) The market narrative there still seems to be “...and they all lived happily ever after”, when some of us see far scarier shapes in the ink swirls."
"Apart from that we have the looming Fed decision. How hawkish or dovish will they be relative to the last meeting? How will they analyze the split between durable goods and housing, and between equities and bond yields? Either way, we are likely to get further FX volatility."
"A dovish shift will suggest profit taking on USD long positions, and that the BOJ and ECB will need to do much more if they want to win this currency war. However, an unchanged or hawkish statement would back more USD strength and increased competition among almost everybody else to benefit the most from that trend."