Equity markets have continued to rally as the USD loses ground. The Greece debt crisis is still in the works of being resolved as usual. The next upcoming events which (have a scheduled deadline) will move the markets is the CNY CPI tonight at 8:30pm EST. This could be an indication of how soft/hard China’s landing could potentially be. This release will have a great affect on commodity linked pairs such as AUD and NZD.
On Thursday we have we have the BOE rate decision and the amount of QE will be determined. Depending on the sentiment we could see current conditions be fueled as the risk-on trend continues. If optimism begins to fade due to poor CPI, a reversal could be in the works as many are skeptical of the current rally.http://bbfx.com/blog
