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Key events ahead - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Westpac offered the key events ahead for today.

    Key Quotes:

    "Japan Feb preliminary industrial production, out at 10:50am Syd/8:50am Tokyo is expected at -5.9% m/m from +3.9% last month. This would come after soft manufacturing PMI data, which showed new orders at lows back to Jan 2013. China Westpac-MNI Mar consumer sentiment will be released at 12:45pm Syd/9:45am local. The index fell to 111.3 in Feb, just above the nine year low recorded in Oct. Weak business conditions and elevated job-loss fears were weighing on consumer mood and spending intentions weakened notably.

    In the US, we have ADP private payrolls. Consensus is for a 195k gain from 214k last month. Chicago Fed president Evans (non-voter this year) speaks on the economy in the NY afternoon. Evans is very much on the dovish side of the Fed spectrum yet last week he said FOMC projections of 2 rate hikes this year are “not at all unreasonable”, which makes him sound like a hawk next to Yellen’s speech."

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