Saturday March 30, 2013 - 13:54:14 GMT
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GVI Forex Trading Theme of the Week--
GVI Forex Trading Theme of the Week--
The political focus for the week ahead should have moved on past Cyprus and onto Italy. Its unknown if a new government will be formed or if the caretaker government already in place will continue. If a new government cannot be formed, then in the not-too-distant future a new election will have to be held. Political uncertainty in this key economy is not a positive for the EUR.
Monday starts out with holidays in several centers and the release of the closely followed Japanese quarterly Tankan Survey. Depending on how the calendar falls, The first week of the new month usually sees PMI data, Central Bank meetings and U.S. Employment data. PMI data are always watched closely because they are one of the most current measures of economic activity.This week will see central bank decisions by the Reserve Bank of Australia (Tuesday), the European Central Bank (Thursday) and Bank of England (Thursday). In all cases, no change in policies or key interest rates are expected. Friday will see the latest employment data from the U.S. and Canada. In both cases, the data are critical measures of economic activity.
For additional key items and more detail (dates, times, data estimates), be sure to visit the Global-View.com Economic
Calendar and the
Forex Forum as key items are released.
-- John M. Bland, www.global-view.com
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