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Key end of week events - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Westpac explained the key events for the end of week's session.

    Key Quotes:

    "Australia Dec housing finance data is released at 11:30am Syd/8:30am Sing/HK. Westpac is expecting the number of loans to rise by 1.5% m/m while consensus is at 3.0%. With housing markets showing a clear slowdown late last year we may see more weakness in the value of investor loans.

    The Asian calendar is fairly quiet, limited to India Dec industrial production and Jan CPI. CPI is expected at 5.4% in line with the trajectory set by the RBI’s policy stance. Japan returns from its one day holiday while China and Taiwan remain closed.

    The first reading of Eurozone Q1 GDP is due. Consensus is for another 0.3% q/q rise and 1.5% y/y. The figures for Germany and Italy will be released a little earlier, and we saw France’s late Jan.

    The median forecast for US Jan advance retail sales is just 0.1% m/m. This seems a bit gloomy, given continued strong employment gains, near full employment and rising real wages.

    While falling gasoline prices will weigh on the headline, the Redbook weekly sales point to a weak update in the core measures too. Consensus is for the ex-auto and gas measure to rise from flat to 0.3%. Preliminary U. of Michigan consumer sentiment is seen to tick up to 92.3 from 92.0. NY Fed president Dudley speaks as part of a panel on household borrowing."
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