This week is prelude to FOMC Dec meeting - Deutsche

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Deutsche Bank said that they believe this week will be a prelude to this December showdown.

    Key Quotes:

    "Data releases include the ISM manufacturing index, Fed Chair congressional testimony on Wednesday, and payroll figures on Friday.

    "We estimate that the IMS will come in below 50% while non-farm employment will be up only 175,000 MoM. If so, we would not expect much upward pressure on the USD/JPY.

    That said, over a month remains before the December FOMC meeting, and bullish USD/JPY investors may be satisfied if this week's testimony and payroll data are simply not overly disappointing."
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