Eurogroup Divided on Greek Debt Offer
February 23, 2015
What to Expect In Forex This Week
(MarketPulse.com) This week will bring higher market volatility. As the debt talks continue, Greece must avoid falling off the cliff by overcoming its present challenges to secure financing before the bailout deadline at month’s end. Meanwhile, European indicators to watch include the German Ifo business climate index which is expected to improve as the German economy is purring once again. China’s advanced purchasing managers’ index will give further insight into the state of the slowdown in that country as the People’s Bank of China has been proactive in stimulating the economy.
Central bank governors around the world are scheduled to make appearances. With a global currency war still in play, those talkfests could add to market movements as verbal intervention is on the agenda after fiscal and monetary policies have been deployed. Friday’s U.S. gross domestic product advance release is expected to be lower as doubts persist about the speed of recovery of the U.S. economy.