Main events for this week: RBA up first - BBH

Analysts at Brown Brothers Harriman explained that August has begun off with clear price action.  

Key Quotes:

"The US dollar is stronger against nearly all the major currencies.  Bond yields are higher.  Equities and commodities are most lower.  

However outside of the purchasing managers July manufacturing prints, these does not appear to be an overarching story today. Investors are still trying to make sense of last week's developments, including the BOJ disappointment and the shockingly poor US GDP figures.  

The main events of the week including the Reserve Bank of Australia in early Sydney.  

Indicative prices in the derivatives market put the odds at close to 70%.  

More details of Japan's fiscal plans will be announced tomorrow.  

On Thursday, the Bank of England meets and the market regards a rate cut as much of a done deal as these things get.  

The week ends with the US and Canadian jobs data."