Big week ahead in the G10 sector – Nomura
By FXStreet FXStreet (Guatemala) – Analysts at Nomura explained the key events taking place for the week ahead in the G10 sector an FX space.
Key Quotes:
“All times in GMT: 1. US: New home sales (Wednesday 15:00), Durable goods orders (Thursday 13:30), Q4 GDP First estimate (Friday 13:30) 2. Europe: UK GDP (Thursday 09:30), Euro area Inflation (Thursday – Friday) 3. Japan: National CPI YoY (Thursday 23:30) 4. Central banks: Fed (Wednesday 19:00) , RBNZ (Wednesday 20:00), BOJ (Friday).”
G10 Data preview
“In the US, we expect that the Conference Board’s consumer confidence index ticked down modestly by 1pt to 95.5 in January, as positive factors related to lower gasoline prices, for example, were offset by the sharp drop in equity markets. On the home sales front, we expect sales to continue on an upward trend on the back of increased home sales in October and November, and based on data on the market for new homes such as homebuilder sentiment, single-family housing starts and permits (we forecast an increase by 3.3% in December). Lower energy prices, the strong USD, and slower global growth appeared to weigh materially on US growth, especially in the industrial and international trade sectors, resulting in a sharp slowing …read more
Source:: FX Street
