FXStreet (Guatemala) - Analysts at Rabobank noted that on the conservative assumption that this week doesn’t see the launch of serious plans to sort out the global economy (or the Middle East, or global warming), fear not: there are still lots of key data and to look for.
Key Quotes:
"Today starts with both Indian CPI and industrial production, and then we have more Fed-speak from Lockhart, Evans, and Brainard, so lots of huffing and puffing is likely. From today onwards we have China’s aggregate financing and new CNY lending (both seen up further even as the economy slows more: which, of course, is only going to make things worse for China in the not-so-long run).
Tomorrow has Aussie NAB business confidence, the BOJ minutes, UK CPI/PPI, the German ZEW survey, the US NFIB small business report, China’s September trade data, and Brazil’s retail sales. Wednesday has China’s CPI and PPI, Indian wholesale prices, UK unemployment, Eurozone industrial production, and US retail sales and PPI.
Thursday sees Aussie labour force, US CPI and the Philly Fed, and more Fed-speak (Bullard, Dudley). There is also a rate decision in Indonesia. Friday has Kiwi Q3 CPI, final Eurozone CPI, and US industrial production and October Michigan consumer sentiment.
Against that backdrop we shall see if equities can hold their recent gains, if EM FX can do the same, and whether Christine Lagarde will be flashing a pearly-white smile or wearing a frown."
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