Key events in U.S. Q4 GDP and Japan CPI – Nomura

By FXStreet Analysts at Nomura explained the key events taking place in the week ahead in the G10 FX space.

Key Quotes:

“The Week’s Headline Events (all times are GMT) 1. US: Durable goods (Thursday 12:30), Q4 GDP (third estimate) (Friday 12:30) 2. Canada: Federal budget to be delivered (Tuesday 20:00) 3. Japan: CPI YoY (Thursday 23:30) 4. Europe: Germany IFO (Tuesday 09:00), Euro area PMIs (Tuesday 09:00).

“Relatively quiet next week with no major central bank to meet on policy. Key data in the U.S. will be around durable goods and housing data. Taking positive developments in industrial activity into account, our economists expect durable goods excluding transportation orders to increase by 0.3% in February (following a 1.7% increase in the prior month).

However, considering slowdowns in nondefense and defense aircraft and parts orders, top line durable goods orders should decline by 2.2% in February. In terms of Q4 GDP, our economists expect the figure to be revised down to 0.7% from 1.0% in its third estimate, with the revision to be driven primarily by lower-than-assumed inventory investment and a larger-than-expected trade deficit.

In Canada, the federal government will release its 2016 budget on 22 March, and we expect new measures to include investment infrastructure and …read more

Source:: FX Street