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Key events for the week - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted the key events ahead for the week.

Key Quotes:

"Later on we get the ECB’s Nowotny speaking, and then the delayed post-election BOE rate decision, where a far less dramatic outcome is expected than the election surprise we got on Thursday night/Friday morning."

Tuesday has the Aussie budget, which the prime minister has just stated will be “really outstanding” (so no pressure then), as well as home loans data. The UK has industrial production, while the US sees the NFIB small business survey and the Fed’s Williams is also speaking.

Wednesday has Japanese trade and Aussie wage data, along with Chinese retail sales, industrial production, and fixed investment figures. Germany and the Eurozone also see Q1 GDP, the UK unemployment, and the US also has retail sales (so we can compare Chinese with US shoppers).

Thursday’s highlights are US PPI and initial claims, and Friday ends the week with Japanese PPI, Indonesian trade data, US industrial production and Michigan consumer confidence.

NZD/USD correction extending down to test 0.74 the figure

NZD/USD is currently trading at 0.7402 with a high of 0.7480 and a low of 0.7400.
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EUR/JPY testing strong support zone - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that Euro demand over the last few days have supported a nice comeback in the EUR/JPY cross that surged last week up to 135.98.
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