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23 Jan 2015
Key events coming right up - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank pick out the hot events for the remainder of the week.
Key Quotes:
"Today we start with the Japanese manufacturing PMI (52 last month), and the Chinese HSBC manufacturing PMI for January, expected to edge down from 49.6 to 49.5 - hardly encouraging."
"We then get a slew of January preliminary PMIs in Europe, while are seen edging higher (no doubt helped by the weaker EUR that was already pricing in ECB action)."
"In the UK we see retail sales, which are expected to reverse the huge surge seen in November with a -0.7% MoM ex-autos figure and a -0.6% headline figure. There are also two BOE speakers, Governor Carney and Gracie."
"In the US we see the Markit manufacturing PMI (expected at a moderate 54), and existing home sales (where the consensus is a 3.0% MoM rebound following a 6.1% plunge last month)."
"So, in short welcome to the first full day of trading in a global market with yet more central bank intervention, and even wilder and wider FX wars as a result. Happy Friday everybody!"
Key Quotes:
"Today we start with the Japanese manufacturing PMI (52 last month), and the Chinese HSBC manufacturing PMI for January, expected to edge down from 49.6 to 49.5 - hardly encouraging."
"We then get a slew of January preliminary PMIs in Europe, while are seen edging higher (no doubt helped by the weaker EUR that was already pricing in ECB action)."
"In the UK we see retail sales, which are expected to reverse the huge surge seen in November with a -0.7% MoM ex-autos figure and a -0.6% headline figure. There are also two BOE speakers, Governor Carney and Gracie."
"In the US we see the Markit manufacturing PMI (expected at a moderate 54), and existing home sales (where the consensus is a 3.0% MoM rebound following a 6.1% plunge last month)."
"So, in short welcome to the first full day of trading in a global market with yet more central bank intervention, and even wilder and wider FX wars as a result. Happy Friday everybody!"