After oil prices slump, focus on US economic releases now - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Jane Foley, Senior FX Strategist at Rabobank, suggests that the continued weakness of oil prices will continue to play out in world inflation indices.

    Key Quotes

    “German November PPI inflation has slumped by -2.5% y/y, a little weaker than expected. As the outlook for Eurozone inflation softens, longer-dated German bunds have been outperforming.”

    “While the US data calendar today is limited to the release of the Chicago Fed activity index, there is plenty on the slate for the rest of the week to pique the market’s interest ahead of the Christmas break at the end of the week. US Q3 GDP revision, durable goods and PCE inflation data are all scheduled. The Fed’s favoured inflation measure is expected to remain at a subdued 1.3% y/y for the core index.”
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