US: It’s the Central Bankers week - TDS

FXStreet (Delhi) – Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that the present week is going to be denominated by the Central Bankers as we have as much as eight bank speakers with scheduled appearances.

Key Quotes

“Monday has gotten off to a fairly quiet start, but the pressure in markets seems likely to build as things progress over the course of the week. This week’s data and events schedule provides a microcosm of the overall market environment facing investors. It begins with the latest PCE Core inflation reading, the Fed’s preferred consumer price gauge, and it ends with the September employment report.”

“In between these two timely indicators, we have a raft of Fed speakers with no less than eight scheduled appearances. The highlights of this week’s speaker schedule include Chair Yellen (Wednesday), FRBNY President Dudley (Monday and Wednesday), FRBSF President Williams (Monday and Thursday), and Vice-Chair Fisher (Friday).”

“We are due to hear from the BoE’s Carney (Tuesday) and the ECB’s Draghi (Thursday) as well as a range of other policymakers from elsewhere.”