Key events in Europe and US shift – Westpac

By FXStreet FXStreet (Guatemala) – Analysts at Westpac Banking Corporation noted the key events post the BoJ last tonight.

Key Quotes:

“Eurozone headline Jan CPI is seen to rise to 0.4%y/y, highs back to Oct 2014. Core should remain at 0.9%y/y. Bundesbank president Weidmann said Thursday that the ECB inflation projections will have to be cut “substantially” and that downside risks to inflation have risen.

The US releases advance Q4 GDP. The median forecast is 0.8%q/q annualised. Despite favourable weather, partial data is pointing to a significant slowdown from the 2.0% in Q3. The Atlanta Fed nowcast is at 1.0%.

We also have the employment cost index at the same time. While the unemployment rate is low, the lack of pressure in wages has been a source of concern for the Fed. Another 0.6% rise is expected for Q4. San Francisco Fed president Williams kicks off post-FOMC Fedspeak. He is a centrist. Canada Nov GDP is out and is seen to rise 0.3%m/m.”
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Source:: FX Street