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9 Feb 2015
Key events for week ahead- Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained the key events for the week ahead.
Key Quotes:
"Today we have already seen Japanese trade data, slightly better than expected due to lower oil prices. There’s not much top tier data, but in India we also get the first look at Q4 GDP (using the new methodology, so the expectation is 6.9% YoY)."
"Tomorrow has Aussie house prices (wild guess: they went up a lot) and Chinese CPI and PPI (which won’t have done). In the US we see the NFIB small business survey, and the G-20 meeting also takes place in Istanbul, from where we can expect lots of hot air to dissolve our attention spans."
"Wednesday has a key extraordinary Eurogroup meeting on Greece. There is also another European summit the same day, this one aimed at trying to prevent war between Russia and Ukraine (who the US are now talking about sending arms to): it’s quite the day for the continent potentially, and markets should be prepared accordingly."
"Thursday has Japanese machine orders, Aussie labour force data, and the BOE’s Inflation Report."
"Friday sees RBA Governor Stevens appear before a parliamentary committee (where he will try to square his recent monetary policy circle), and both German and Eurozone Q4 GDP. In the US we have Michigan confidence, which last month challenged Disneyland for the title of happiest place in the world. In short, a very busy week after which a lot of assumptions – and positions - may have melted."
Key Quotes:
"Today we have already seen Japanese trade data, slightly better than expected due to lower oil prices. There’s not much top tier data, but in India we also get the first look at Q4 GDP (using the new methodology, so the expectation is 6.9% YoY)."
"Tomorrow has Aussie house prices (wild guess: they went up a lot) and Chinese CPI and PPI (which won’t have done). In the US we see the NFIB small business survey, and the G-20 meeting also takes place in Istanbul, from where we can expect lots of hot air to dissolve our attention spans."
"Wednesday has a key extraordinary Eurogroup meeting on Greece. There is also another European summit the same day, this one aimed at trying to prevent war between Russia and Ukraine (who the US are now talking about sending arms to): it’s quite the day for the continent potentially, and markets should be prepared accordingly."
"Thursday has Japanese machine orders, Aussie labour force data, and the BOE’s Inflation Report."
"Friday sees RBA Governor Stevens appear before a parliamentary committee (where he will try to square his recent monetary policy circle), and both German and Eurozone Q4 GDP. In the US we have Michigan confidence, which last month challenged Disneyland for the title of happiest place in the world. In short, a very busy week after which a lot of assumptions – and positions - may have melted."