Key events ahead: RBA and Aussie in focus – Rabobank

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank noted the key events taking place on a very busy week ahead.

Key Quotes:

“Besides vast amounts of hot air that will be produced at the global climate summit to try to reduce the amount of hot air we all produce, today has German retail sales; UK mortgage approvals; German CPI; India’s Q3 GDP; and the Chicago PMI (consensus: 54.0). However, that’s slim pickings compared with the rest of the week.

Tomorrow we have the December RBA rate decision (where there might have been a sudden need to rewrite some of the statement’s text rather than just copy and paste yet again); China’s official and Caixin manufacturing and services PMIs; an RBI rate decision; the UK manufacturing PMI and BOE’s bank stress test results; German unemployment; the US ISM survey, and the Fed’s Evans speaking. And that’s still just a warm up.

Wednesday sees the RBA’s Stevens speak; Aussie Q3 GDP; the Fed’s Brainard talking on “Lower Neutral Rates”; Eurozone flash CPI for November; Lockhart, Yellen, and Williams all speaking ahead of the Fed’s Beige Book, and ADP employment.

Thursday has the UK services PMI; the ECB’s big decision day (do we see more QE and/or further policy easing?); …read more

Source:: FX Street