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9 Jan 2014
Flash: Setting the stage for 2014 - TDS
FXstreet.com (London) - Strategists at TD Securities explained that this week’s US nonfarm payrolls report will be another key puzzle piece for those looking to position for 2014, as it should confirm the building momentum of the US labour market into the end of the year.
Key Quotes:
“Q4 earnings season also kicks off tonight, and the reports over the next week or two should help to set the tone for equities in the near-term”.
“The UK has a handful of key data releases over the next week, which may get some extra attention given the question marks around what the BoE is going to do with forward guidance at the February Inflation Report, as economic growth continues to impress and the unemployment rate continues to slide toward 7.0% much more quickly than anyone had forecast”.
“The rest of Europe should be a little quieter though with the January ECB meeting behind us and this year likely to be one featuring slow structural reforms rather than big risk events”.
Key Quotes:
“Q4 earnings season also kicks off tonight, and the reports over the next week or two should help to set the tone for equities in the near-term”.
“The UK has a handful of key data releases over the next week, which may get some extra attention given the question marks around what the BoE is going to do with forward guidance at the February Inflation Report, as economic growth continues to impress and the unemployment rate continues to slide toward 7.0% much more quickly than anyone had forecast”.
“The rest of Europe should be a little quieter though with the January ECB meeting behind us and this year likely to be one featuring slow structural reforms rather than big risk events”.