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21 Oct 2013
Flash: Focus back to fundamentals this week - BNZ
FXstreet.com (Barcelona) - Looking ahead, this week's market drivers will focus back to ‘fundamentals’, according to Strategists at Bank of New Zealand.
Key Quotes
"In particular the relative strength of the slug of back-logged US economic data due for release. This includes home sales, durable goods, trade data, retail sales, factory orders, and of course September non-farm payrolls."
"The immediate risk facing the USD is for probably for some further slippage."
"Investors may be tempted to look through any signs of strength in the US data given it was compiled before the US government shutdown. In addition, a mediocre September payrolls report on Tuesday would see tapering expectations pushed back further."
Key Quotes
"In particular the relative strength of the slug of back-logged US economic data due for release. This includes home sales, durable goods, trade data, retail sales, factory orders, and of course September non-farm payrolls."
"The immediate risk facing the USD is for probably for some further slippage."
"Investors may be tempted to look through any signs of strength in the US data given it was compiled before the US government shutdown. In addition, a mediocre September payrolls report on Tuesday would see tapering expectations pushed back further."