23 Mar 2015
The week ahead and key events - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the week ahead and key data events.
Key Quotes:
"Today has a further slew of Fed speakers (Mester, Williams, and Fischer - twice) while the ECB’s Coeure and Draghi are also out and about, the latter speaking at the European parliament. That makes for a potentially interesting contrast in public pessimism/optimism that could again impact on the FX markets. Data-wise, we only have US existing home sales (consensus: 2.0% MoM) and Eurozone consumer confidence (consensus: -6.0)."
"Tomorrow we kick of the global round of monthly PMIs with Japan, China, Germany and Eurozone series; then we see UK and US CPI, and we hear from the Fed’s Bullard on the “Global Recovery” (such as it is) ahead of the US manufacturing PMI and new home sales."
"Wednesday has the German IFO and the Fed’s Evans speaking again, along with US durable goods."
"Thursday we hear from Bullard and Lockhart again, and get Eurozone M3 and UK retail sales."
"Friday has a slew of key Japanese numbers (CPI, unemployment), Chinese industrial profits, the BOE’s Haldane and Broadbent, and the Fed’s Fischer. However, more attention will be on the next reading of US Q4 GDP, expected at 2.4% QoQ annualized, and then on Janet Yellen, speaking about monetary policy. Is she going to put markets further in a twist with worries over a downward spiral?"
Key Quotes:
"Today has a further slew of Fed speakers (Mester, Williams, and Fischer - twice) while the ECB’s Coeure and Draghi are also out and about, the latter speaking at the European parliament. That makes for a potentially interesting contrast in public pessimism/optimism that could again impact on the FX markets. Data-wise, we only have US existing home sales (consensus: 2.0% MoM) and Eurozone consumer confidence (consensus: -6.0)."
"Tomorrow we kick of the global round of monthly PMIs with Japan, China, Germany and Eurozone series; then we see UK and US CPI, and we hear from the Fed’s Bullard on the “Global Recovery” (such as it is) ahead of the US manufacturing PMI and new home sales."
"Wednesday has the German IFO and the Fed’s Evans speaking again, along with US durable goods."
"Thursday we hear from Bullard and Lockhart again, and get Eurozone M3 and UK retail sales."
"Friday has a slew of key Japanese numbers (CPI, unemployment), Chinese industrial profits, the BOE’s Haldane and Broadbent, and the Fed’s Fischer. However, more attention will be on the next reading of US Q4 GDP, expected at 2.4% QoQ annualized, and then on Janet Yellen, speaking about monetary policy. Is she going to put markets further in a twist with worries over a downward spiral?"