samedi 18 avril 2015
Forex Weekly Outlook Apr. 20-24
Posted on 01:37 by nice news
The US dollar had a rough week in which mostly weak economic data hit the greenback. Can hope for a recovery in Q2 help it or are more falls expected? Inflation data in New Zealand and Australia, US Durable Goods Orders and various central bank speeches are the highlights of this week. Here is an outlook on the top events on Forex calendar.
Most US data disappointed with weaker than expected housing and employment data as well as soft retail sales. Jobless claims rose 12,000 to 294K, building permits came reached 1.04 million while forecasted 1.08 million and housing starts hardly recovered with 0.93 million. Retail sales registered a 0.9% increase, below the 1.1% rise predicted and Core sales gained 0.4% far below the 0.7% expected. However, the Philadelphia Fed Manufacturing Index surprised with 7.5 points vs. 5 in the previous months exceeding forecasts for a 6.5 points reading. Will the US data stabilize this week? Let’s start:
[do action="autoupdate" tag="MajorEventsUpdate"/]
New Zealand Inflation data: Sunday, 22:45. Consumer prices in New Zealand declined by 0.2% in the fourth quarter of 2014, amid lower oil and vegetables prices. This was the first decline since the fourth quarter of 2012. Analysts expected rates to remain unchanged and expected an annual growth of 0.9% rather than the 0.8% reported. However, international air fares edged up 7.3%, while domestic air fares expanded 8.3%. Housing costs were also a positive contributor to inflation in the December quarter. Consumer prices are expected to decline once more by 0.2%.
Stephen Poloz speaks: Monday, 14:05. BOC Governor Stephen Poloz is scheduled to speak in New York. Poloz may talk about the central bank's decision to keep its key overnight lending rate unchanged and about his bright forecast for Canadian growth despite the current slowdown forced by the oil price collapse.
Glenn Stevens speaks: Monday, 17:30. RBA Governor Glenn Stevens
Most US data disappointed with weaker than expected housing and employment data as well as soft retail sales. Jobless claims rose 12,000 to 294K, building permits came reached 1.04 million while forecasted 1.08 million and housing starts hardly recovered with 0.93 million. Retail sales registered a 0.9% increase, below the 1.1% rise predicted and Core sales gained 0.4% far below the 0.7% expected. However, the Philadelphia Fed Manufacturing Index surprised with 7.5 points vs. 5 in the previous months exceeding forecasts for a 6.5 points reading. Will the US data stabilize this week? Let’s start:
[do action="autoupdate" tag="MajorEventsUpdate"/]
New Zealand Inflation data: Sunday, 22:45. Consumer prices in New Zealand declined by 0.2% in the fourth quarter of 2014, amid lower oil and vegetables prices. This was the first decline since the fourth quarter of 2012. Analysts expected rates to remain unchanged and expected an annual growth of 0.9% rather than the 0.8% reported. However, international air fares edged up 7.3%, while domestic air fares expanded 8.3%. Housing costs were also a positive contributor to inflation in the December quarter. Consumer prices are expected to decline once more by 0.2%.
Stephen Poloz speaks: Monday, 14:05. BOC Governor Stephen Poloz is scheduled to speak in New York. Poloz may talk about the central bank's decision to keep its key overnight lending rate unchanged and about his bright forecast for Canadian growth despite the current slowdown forced by the oil price collapse.
Glenn Stevens speaks: Monday, 17:30. RBA Governor Glenn Stevens
Forex Weekly Outlook Apr. 20-24
Categories: Forex Weekly Outlook Apr. 20-24
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire