FXStreet (Delhi) – Michael Every, Research Analyst at Rabobank, suggests that today is a very light on data and events in Asia, Europe, and the US with Brazil’s monetary policy being the event of the day.
Key Quotes
“Japan’s all activity index is out, but isn’t usually market moving, then we see UK public sector borrowing and Eurozone government debt/GDP for 2014, which is backward looking.”
“We also hear from the BOE’s Carney (whom Bloomberg points out will likely be even more focused on UK monetary policy now that the door has just slammed shut for a potential career in Canadian politics), and then the Fed’s Powell.”
“Over in Brazil we have a monetary policy decision, where the expectation is that the SELIC rate will stay at 14.25%. (That’s a number that doesn’t deserve an apostrophe: it deserves its own special font and underlining, as Brazil is currently 10 hours and one decimal place to the left of Asia, so to speak.) Please see our latest special on that topic from Christian Lawrence and Mauricio Barbosa.) Have a good day, folks; may you all bring home the ‘bacon’.”
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