Key events for day ahead – Rabobank

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank explained the key events for the day ahead.

Key Quotes:

“Today’s first major data focus is Chinese trade data for December. Exports are seen -8.0% y-o-y and imports -11.0%, with the trade deficit declining slightly to a still enormous USD51.3bn. Any downside surprises are likely to trigger market chatter of another PBoC rate cut, and hence more CNY and – dare I say it? – CNH weakness. That in turn is likely to start the Wheel of Panic turning again.

Later we get Eurozone industrial production and Brazil’s retail sales, but greater attention will be on the Fed’s Beige Book. Note that the market is now pricing in a 0% chance of a hike this month and an 8% chance of a cut(!) How’s that for a vote of confidence in the key central bank?”
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Source:: FX Street