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28 Feb 2014
Flash: A market snap shot; tenstion and uncertainty - TDS
FXStreet (Guatemala) - Strategists at TD Securities explained that EM tensions have flared up again, with political issues in Turkey and Ukraine, and volatility in CNY, which hit Chinese equities particularly hard.
Key Quotes:
"This was reinforced by more weather-impacted US data, although there were glimmers of hope from new homes sales and durables goods reports. Data surprises are largely negative across the G10, with just UK and NZ bucking the trend".
"The week ahead is chock-full of big events, with global PMI data, and ECB decision, and US nonfarm payrolls. Just as the Fed is willing to look through the weak string of data and keep tapering trends intact, we think that the ECB will leave rates unchanged and largely be willing to look through soft Feb-Mar HICP and wait for growth and base effects to be more supportive for inflation in Q2".
Key Quotes:
"This was reinforced by more weather-impacted US data, although there were glimmers of hope from new homes sales and durables goods reports. Data surprises are largely negative across the G10, with just UK and NZ bucking the trend".
"The week ahead is chock-full of big events, with global PMI data, and ECB decision, and US nonfarm payrolls. Just as the Fed is willing to look through the weak string of data and keep tapering trends intact, we think that the ECB will leave rates unchanged and largely be willing to look through soft Feb-Mar HICP and wait for growth and base effects to be more supportive for inflation in Q2".