The Danske Bank analysts highlight the key event risks lined up for release in the day ahead.
“Following a few quiet days on the data front, the Riksbank is set to present its Financial Stability report today. This will most likely contain the usual messages about risks associated with household indebtedness, as well as banks' funding and appropriate capital buffers. We expect no major news in today's report.
The ECB will also present its Financial Stability report today and chief economist Lane will speak.
In the US, FOMC meeting minutes are due for release. At the October meeting, the Fed cut its target range by 25bp to 1.50-1.75% as expected, but it seems that the Fed now wants to stay on hold to monitor how things play out. As there is a clear division in the committee, it will be interesting to see if the minutes will give us any information on the different stances within the Fed. We believe that the Fed will deliver one more cut in three to six months, as we still believe the US economy is fragile.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.