Central Banks and Monetary Policies Will be in Focus Today

Quotes from Credit Agricole CIB:

-There was a lack of clear direction again yesterday amid a light data calendar, as markets continue to grind through earning reports. Today, Central banks and monetary policies will be in focus.

-While the Bank of Japan and the Bank of Canada are set to leave policies unchanged, a likely drop in UK unemployment rate will again highlight the situation facing the Bank of England regarding its forward guidance threshold being caught up by reality, an issue which the minutes will shed more light on.

-In addition, we expect the higher-than-expected Australian inflation number this morning to dampen talks of RBA cuts and give AUD an important push going forward. The material has been provided by InstaForex Company – www.instaforex.com

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