The day ahead; key data - Rabobank

By FXstreet.com | June 12, 2014 AAA

FXStreet (Guatemala) - Analysts at Rabobank break down the end of the session for us from the calendar.



Key Quotes:



“Today we start with key numbers from China: fixed asset investment, retail sales, and industrial production. The expectation is that we will see a slow grind lower / no change in all these series’ YoY trends (investment is expected to dip to 17.2% YoY, retail sales to stay at 12.0% YoY YTD, and industrial production to stay at 8.7% YoY YTD.) Any large surprises in either direction are likely to have an impact on CNY, now it is moving more freely, and also probably on AUD too”.



“In the US there is May PPI (seen benign) and Michigan May consumer confidence, which is expected to rise from 81.9 to 83.0”.



“The BoJ have a policy meeting and are likely to maintain their present stance, especially in light of the recent large upward revisions to Q1 GDP growth. But will that optimism prove premature?”



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. USD/JPY Daily Outlook - September 19
    Investing

    USD/JPY Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center