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2 Mar 2015
The week ahead and key events - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained key events on the calendar.
Key Quotes:
"In the US we have the PCE deflator for January (the Fed’s favourite measure), seen at 0.2% YoY headline and 1.3% core: where is the inflation again? We also see the ISM manufacturing survey: consensus is 53.0, but is the Chicago survey a precursor of worse? We will also get Bernanke and Plosser talking: neither work for the Fed now so might actually say something closer to observable reality - though the irony is that that they therefore won’t be market moving (“illogical”).
Tuesday has the RBA decision, where a 25bp cut seems most logical; Wednesday has Aussie Q4 GDP and a slew of final February PMIs along with US ADP employment and the Fed’s Beige Book; Thursday has Aussie retail sales and trade data, German factory orders, both BOE and ECB rate decisions, and US factory orders; and Friday has German industrial production and that most emotional of reports, US payrolls. The latter alone guarantees that we are in for a choppy ride in markets this week – so please all try to live long and prosper.
Key Quotes:
"In the US we have the PCE deflator for January (the Fed’s favourite measure), seen at 0.2% YoY headline and 1.3% core: where is the inflation again? We also see the ISM manufacturing survey: consensus is 53.0, but is the Chicago survey a precursor of worse? We will also get Bernanke and Plosser talking: neither work for the Fed now so might actually say something closer to observable reality - though the irony is that that they therefore won’t be market moving (“illogical”).
Tuesday has the RBA decision, where a 25bp cut seems most logical; Wednesday has Aussie Q4 GDP and a slew of final February PMIs along with US ADP employment and the Fed’s Beige Book; Thursday has Aussie retail sales and trade data, German factory orders, both BOE and ECB rate decisions, and US factory orders; and Friday has German industrial production and that most emotional of reports, US payrolls. The latter alone guarantees that we are in for a choppy ride in markets this week – so please all try to live long and prosper.