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Chinese GDP data and ECB meet to focus on this week – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at Danske Bank, suggests that during the week several important data releases and events are due.

    Key Quotes

    “On Tuesday Chinese GDP figures for Q4 and industrial production and retail sales data for December are set to be released. The Chinese data releases will be watched closely by the market in the wake of the recent financial turmoil and could therefore be important for sentiment in financial markets after a very weak start to the year. We expect the positive trade numbers for December to be reflected in all three sets of data, so they will probably come out on the positive side.

    We expect ECB to express a patient view on Thursday and given the market pricing of additional rate cuts, the meeting could likely be a disappointment if Draghi does not point to further rate cuts.

    Also watch out for US CPI inflation data for December on Wednesday and preliminary PMIs for Europe and the US on Friday.”
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