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The key events for day ahead - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Westpac Banking Corporation noted the key events taking place to end the week.

    Key Quotes:

    "The RBA’s semi-annual Financial Stability Review will be released at 11:30am Syd/8:30am Sing/HK. While the publication tends not to be market moving as it is not a monetary policy document, there will be interest in the comments around investor lending and any on bank capital requirements. Focus over the past few days has been on Westpac’s 20bp increase in variable mortgage interest rates, and if the other banks follow, whether this gives the RBA room for further easing.

    The Asia calendar is limited to Singapore Sep non-oil domestic exports. Consensus is for a -3.9%y/y print from -8.4%.

    US Sep industrial production is expected at -0.2%m/m. The ISM points to significant US dollar impact on manufacturing. We also have Oct preliminary Uni of Michigan consumer sentiment. This is forecast to rise to 89, a very healthy level relative to history."
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