29 Jan 2015
Key events on Thursday - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, breaks down the key events to keep an eye on for Thursday.
Key Quotes
There is little of note in Asia's calendar though we will see Q4 Philippines GDP. German Jan unemployment and preliminary CPI will be released ahead of the Eurozone CPI Friday. Unemployment is seen to continue to fall, albeit more slowly than Q4 2014, with the market forecast for unemployment change at -10k v -27k in Dec. German Jan preliminary CPI should be driven by lower energy prices; market consensus -0.2% y/y v 0.2% previous. US initial jobless claims may show some distortions from the Martin Luther King holiday. There are risks to an upside surprise in US Dec pending home sales (consensus 0.5%), if the slump in existing home sales has not yet been captured in this release.
Key Quotes
There is little of note in Asia's calendar though we will see Q4 Philippines GDP. German Jan unemployment and preliminary CPI will be released ahead of the Eurozone CPI Friday. Unemployment is seen to continue to fall, albeit more slowly than Q4 2014, with the market forecast for unemployment change at -10k v -27k in Dec. German Jan preliminary CPI should be driven by lower energy prices; market consensus -0.2% y/y v 0.2% previous. US initial jobless claims may show some distortions from the Martin Luther King holiday. There are risks to an upside surprise in US Dec pending home sales (consensus 0.5%), if the slump in existing home sales has not yet been captured in this release.