Monday, September 21, 2015

The week ahead - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank explained the key events coming up for the week ahead.

"It’s a quiet start to the week with only a few ECB speakers (Hansson, Coeure, and Praet) as well as one Fed speaker (Lockhart). Data-wise, we see US existing home sales.

Tomorrow it’s the latest scores in the fiercely-contested World Cup of unaffordable house prices, where Australia will be dishing out an expected Q2 YoY rise of 8.0% vs. the UK Rightmove’s 6.4% showing for September. (The US has FHFA July house price data, but that will get as much focus as the US rugby team.) We also get UK public finances and Eurozone consumer confidence.
Wednesday has one of the week’s highlights: the China Caixin manufacturing PMI for September, which slumped to 47.3 last month. We then have the usual Markit PMIs from around the Eurozone ahead of ECB President Draghi’s quarterly hearing in Brussels.

Thursday has Kiwi trade data and the week’s second and third big data releases, the German IFO survey for September, and US durable goods.
Friday then has Japanese CPI, Eurozone M3 data, and the final read on Q2 US GDP along with a speech from the Fed’s Bullard, whose dovish talk back in October 2014 at the time of a major market sell-off led to a huge equity rally: “Once more unto the breach, dear Bullard, once more?” is therefore the question."
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