Key events ahead – Westpac

By FXStreet Analysts at Westpac noted the key events ahead for the day.

Key Quotes:

“The calendar in Asia is limited to Singapore Jan non-oil domestic exports. Forecasters see -7.4% y/y from -7.2%.

UK Dec unemployment is expected to fall from 5.1% to 5.0%. This would be the lowest since 2005. While domestic private demand remains robust, supporting employment, wage growth has been weaker than anticipated by the BoE.

FOMC minutes are due, though Chair Yellen’s semi-annual testimony last week has superseded them. At the Jan meeting, the Fed downgraded its growth and inflation outlooks slightly. Unusually, the FOMC could not decide how the risks to the economic outlook were balanced.

On the US data front, we have Jan housing starts. This is expected to rise 2.0% m/m and has been hovering near highs back to 2007. The sales trend however has been flattening and sentiment cooled so starts should soften in coming months. Jan PPI and industrial production are also released.”
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Source:: FX Street