This week's focus turns to U.S.A. with the upcoming USD CPI and FOMC Monetary Policy event risks. Expectation is towards the continuation of the Fed's USD 10-bln tapering and no change on the interest rate.
In terms of the AUD, The Australian Monetary Policy Meeting Minutes is expected to reiterate their recent stance on monetary policy. This can be thought of as...
With the expectation that the FOMC will continue to taper and with combination to the downside expectation on the UK CPI and UK Retail Sales, we are more likely to see a downward move for the GBP/USD this week.
Disclaimer: This is my personal analysis and opinion. It must not be taken as a trading advice.
