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FXStreet (Guatemala) - Analysts at Rabobank noted the key events for the rest of the week.
Key Quotes:
"Today we have two major real economic indicators that will give us a far better grasp of where we stand in terms of the global economic cycle, and where we stand “along the hockey stick”.
"First up is the key German IFO survey for April, seen rising to 108.4 from 107.9 in terms of the business climate, and from 112.0 to 112.4 for the current assessment, while expectations are seen up from 103.9 to 104.5. In other words, in marked contrast to the PMI data yesterday, Germany is perhaps still a rare bright spot in a gloomy world economy."
"We then get the US durable goods survey for March. This has disappointed hugely in recent months (for example, the headline collapsed 1.4% MoM in February) yet is once again expected to rise 0.6% MoM on a headline basis; ex-transport orders are likewise seen up 0.3% against a -0.6% drop last month; capital goods orders excluding aircraft and defence are expected up 0.3% MoM vs -1.1%; and those goods actually shipped are also seen up 0.3% MoM, the same as February."
"With those two numbers out, the potential for swings in EUR/USD in particular should be obvious, as well as relative moves in Treasuries and Bunds; but expect most markets to get caught up in the wake if we get a big surprise in either series."