25 Feb 2015
Key events ahead - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the day's events ahead.
KeyQuotes:
"This morning’s Aussie wage data showed an in-line 0.6% QoQ and 2.5% YoY print, but are still trending gently lower (welcome to the new normal Oz, as I keep saying), while construction work done in Q4 was only -0.2%, better than expected. For some reason that has pushed AUD back up over 0.7850, but we will see how long it stays there with more Q4 GDP tranches to come and the RBA meeting next week."
"Next up we have China’s HSBC manufacturing PMI (also an influence on AUD) and seen dipping from 49.7 to 49.5 – which will see the Year of the Sheep starting quite sheepishly, if so."
"In the UK, BOE Governor Carney speaks once again alongside other MPC members."
"In the US Yellen gives her semi-annual testimony all over again (so the House of Representatives, who receive it today, has to pretend it didn’t already hear it yesterday); there are also new home sales, seen at -2.3% MoM after a bumper rise in December."
"In Europe we get a late appearance from the ECB’s Draghi, who is also testifying at the European parliament. (Do central bankers co-ordinate these things, or has this all emerged organically? One has to wonder.)"
KeyQuotes:
"This morning’s Aussie wage data showed an in-line 0.6% QoQ and 2.5% YoY print, but are still trending gently lower (welcome to the new normal Oz, as I keep saying), while construction work done in Q4 was only -0.2%, better than expected. For some reason that has pushed AUD back up over 0.7850, but we will see how long it stays there with more Q4 GDP tranches to come and the RBA meeting next week."
"Next up we have China’s HSBC manufacturing PMI (also an influence on AUD) and seen dipping from 49.7 to 49.5 – which will see the Year of the Sheep starting quite sheepishly, if so."
"In the UK, BOE Governor Carney speaks once again alongside other MPC members."
"In the US Yellen gives her semi-annual testimony all over again (so the House of Representatives, who receive it today, has to pretend it didn’t already hear it yesterday); there are also new home sales, seen at -2.3% MoM after a bumper rise in December."
"In Europe we get a late appearance from the ECB’s Draghi, who is also testifying at the European parliament. (Do central bankers co-ordinate these things, or has this all emerged organically? One has to wonder.)"