FX Weekly: 1st August 2011
The US budget takes centre stage again. August 2nd of resolution occurs this week which is likely to raise FX volatility significantly prior to any official announcement
20% of the S&P reports Q2 earnings results – unlikely to be a prime factor for FX but could will affect risk sentiment if combined with other factors
US employment report will be market moving as broader attention on the US is heightening. Even if Congress agrees to cuts, fiscal consolidation is never easy and is likely to weigh on US equities and growth
Fresh round of PMI data from UK, US and China will clarify the state of the global recovery
20% of the S&P reports Q2 earnings results – unlikely to be a prime factor for FX but could will affect risk sentiment if combined with other factors
US employment report will be market moving as broader attention on the US is heightening. Even if Congress agrees to cuts, fiscal consolidation is never easy and is likely to weigh on US equities and growth
Fresh round of PMI data from UK, US and China will clarify the state of the global recovery
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