G10 week ahead; slightly lighter in the US

By FXStreet Analysts at Nomura noted and explained the forthcoming data for the week ahead.

Key Quotes:

“Next Week’s Headline Events (all times are GMT)

1. US: Import prices (Friday 13:30), Retail Sales (Friday 13:30)
2. Japan: BOJ Summary of Opinions at last MP meeting (Sunday 23:50)
3. Europe: UK external trade (Tuesday 09:30), Euro flash Q4 GDP (Friday 10:00)
4. Central banks: Riksbank (Thursday 08:30)

Next week will be relatively lighter on the data front for the U.S., with the focus being on consumer data (retail sales, sentiment, and inflation expectations).

On import prices, flat to declining nonpetroleum import prices on a monthly basis since April 2014 and sharply falling crude oil in January should put further downward pressure on import prices. Consensus forecasts a 1.5% decline in import prices in January, and we expect weakness here to continue to weigh on domestic retail prices of consumer goods in the near term. On retail sales, favorable fundamentals (strong labor market, low energy prices, elevated savings rate) should enable consumers to continue to support economic growth while the industrial sector experiences challenges. We forecast a gradual rebound in core retail sales (0.2% rise in January). Lastly, the 5- to 10-year-ahead inflation expectations inched higher to 2.7% from 2.6% in January, …read more

Source:: FX Street