9 Dec 2014
The day head brings potetial for FX swings - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank suggested that oil prices and related FX swings are likely to stay in focus today.
Key Quotes:
“That is because we only have limited second-tier data to look to, with first the German trade balance (suffice to say it will not be small); then UK industrial and manufacturing production (consensus is 0.2% MoM and 1.8% YoY and 0.2% MoM and 3.2% YoY, respectively); and finally some second-tier data in the US too, with the NFIB small business optimism survey (which does admittedly have some very pithy commentary to chew on) and wholesale inventories (consensus 0.2% MoM”).
Key Quotes:
“That is because we only have limited second-tier data to look to, with first the German trade balance (suffice to say it will not be small); then UK industrial and manufacturing production (consensus is 0.2% MoM and 1.8% YoY and 0.2% MoM and 3.2% YoY, respectively); and finally some second-tier data in the US too, with the NFIB small business optimism survey (which does admittedly have some very pithy commentary to chew on) and wholesale inventories (consensus 0.2% MoM”).