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Essential inflation data out this week — #SaxoStrats
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Saxo global macro strategist Kay Van-Petersen previews the data out this week, including PMIs, ISMs and US NFP. The data are essential for signs of inflation, says Van-Petersen.
He also takes a look at the inflation report out from the Bank of England on Thursday and the quarterly monetary report out from Reserve Bank of Australia on Friday.
The RBA rate decision is also out this week. According to Van-Petersen it will be heavily watched given the moves in AUD the last few weeks.
Van-Petersen also expects The Reserve Bank of India to cut rates by 25 basis points on Tuesday.
His trade ideas from Macro Monday include shorting EURRUB, EURJPY and Nikkei. He also sees a potential pull back for US equities and the Nikkei.
Finally, Van-Petersen has a positive outlook for commodities in general.
You can read more of Macro Monday here and follow Saxo's Global Macro Strategist Kay Van-Petersen on Twitter here.