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13 Jun 2014
The day ahead; key data - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank break down the end of the session for us from the calendar.
Key Quotes:
“Today we start with key numbers from China: fixed asset investment, retail sales, and industrial production. The expectation is that we will see a slow grind lower / no change in all these series’ YoY trends (investment is expected to dip to 17.2% YoY, retail sales to stay at 12.0% YoY YTD, and industrial production to stay at 8.7% YoY YTD.) Any large surprises in either direction are likely to have an impact on CNY, now it is moving more freely, and also probably on AUD too”.
“In the US there is May PPI (seen benign) and Michigan May consumer confidence, which is expected to rise from 81.9 to 83.0”.
“The BoJ have a policy meeting and are likely to maintain their present stance, especially in light of the recent large upward revisions to Q1 GDP growth. But will that optimism prove premature?”
Key Quotes:
“Today we start with key numbers from China: fixed asset investment, retail sales, and industrial production. The expectation is that we will see a slow grind lower / no change in all these series’ YoY trends (investment is expected to dip to 17.2% YoY, retail sales to stay at 12.0% YoY YTD, and industrial production to stay at 8.7% YoY YTD.) Any large surprises in either direction are likely to have an impact on CNY, now it is moving more freely, and also probably on AUD too”.
“In the US there is May PPI (seen benign) and Michigan May consumer confidence, which is expected to rise from 81.9 to 83.0”.
“The BoJ have a policy meeting and are likely to maintain their present stance, especially in light of the recent large upward revisions to Q1 GDP growth. But will that optimism prove premature?”