Flash: Central banks highlight weekly stimuli – NAB

FXstreet.com (New York) - Monday should be the calm before the storm in what is an action packed week commencing with RBA Governor Stevens speaking on Tuesday to the Anica Foundation (and which has in the past been market moving), notes the NAB Research Team.

Key quotes

“Markets will move as the FOMC meet Wednesday (early Thursday morning Australian time); China official PMI and US ISM, together with the ECB and BoE on Thursday; and perhaps topping them all, US payrolls on Friday.”

“Highlights of the Australian economic data calendar are building approvals data on Tuesday (a release of increasing importance as we look for what is going to fill the void left by the mining investment ‘cliff’) and June private sector credit data on Wednesday.”