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The next 24 hours into the close - RBS

FXStreet (Guatemala) - FXStreet (Guatemala) - Analysts at RBS gave us the key releases coming up in the next full trading cycle of today’s sessions.

Key Quotes:

“National CPI is released for Japan, and we expect the core rate (excluding fresh food) to slip from 3.3% y/y to 3.2%, matching the consensus. Our economics team revised up their inflation forecasts despite recent economic weakness, in part due to the recent weakness in the JPY”.

“We see the BoJ as likely to maintain their underlying positive assessment, that inflation will reach their goal by the end of the forecast period. This means the risk of additional easing by the BoJ is low for the time being”.

“In the US, revisions are released for both second-quarter GDP (third estimate) and the US of Michigan confidence index”.

“We anticipate an upward revision to second-quarter GDP to 4.6% q/q annualized after the Quarterly Services Survey revealed that health care services spending in the second quarter was larger than the Commerce Department initially estimated. Still, with the third quarter nearly complete, a small upward revision to the now-dated second quarter may not have a large impact on FX markets. The revision should merely confirm that second quarter growth outperformed after weather-impacted first-quarter weakness, a well subscribed and discounted view”.

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