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22 Jan 2016
Key data for Friday - Westpac
FXStreet (Bali) - Sean Callow and Martina Song, FX Strategists at Westpac, summarize the key events for the day ahead, outlining European PMIs, UK retail sales as well as the Canadian inflation report.
Key Quotes
"We have the preliminary Markit PMIs for France and Germany ahead of the Eurozone numbers. The overall Eurozone manufacturing PMI has held up well, and consensus is for a 53.0 print. UK Dec retail sales ex auto fuel are expected at -0.3%m/m, bringing the y/y measure down to 3.5% from 3.9%."
"US existing home sales are seen at +9.2%m/m with the fall in Nov reversing as weather conditions remain supportive. Canada Dec CPI headline set to continue to rise to 1.7%y/y while core is expected to remain at 2.0%y/y. Retail sales are out at the same time, consensus at 0.2%m/m and 0.4%m/m ex auto."
Key Quotes
"We have the preliminary Markit PMIs for France and Germany ahead of the Eurozone numbers. The overall Eurozone manufacturing PMI has held up well, and consensus is for a 53.0 print. UK Dec retail sales ex auto fuel are expected at -0.3%m/m, bringing the y/y measure down to 3.5% from 3.9%."
"US existing home sales are seen at +9.2%m/m with the fall in Nov reversing as weather conditions remain supportive. Canada Dec CPI headline set to continue to rise to 1.7%y/y while core is expected to remain at 2.0%y/y. Retail sales are out at the same time, consensus at 0.2%m/m and 0.4%m/m ex auto."