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Key data events ahead - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Rabobank explained the key data events ahead as we start to really heat up on the data front.

    Key Quotes:

    We kick off today with another sidewise glance at how deep the Chinese authorities pockets are re: further market intervention. Data-wise, we will have Japan’s services PMI, the Caixin survey from China (previous: 51.2, dampening the narrative that there is a rapid, painless rebalancing towards services going on), then the Indian survey, ahead of the same in Europe (December final seen at 53.9) and the UK CIPS report (consensus: 55.6).

    In the US we get a payrolls warm-up in the form of ADP employment (consensus: 189K vs. 217K last month), then the US trade balance, and then the Fed’s Fischer (with an S) talking on CNBC – expect that to be a very different interview to that with Fisher (with no S) mentioned above. Following that it is the ISM services survey (consensus: 56.0), then factory orders (seen -0.2%), final November durable goods, ahead of the Panglossian blurb Fed’s December minutes. The latter are likely to back the steady-as-she-goes 4-hikes in 2016 view we saw in the last dot plot. As such, according to Fisher, watch out below!"
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