Key events: – Westpac

By FXStreet FXStreet (Guatemala) – Sean Callow, analyst at Westpac explained the key events for the day.

Key Quotes:

“The Australian calendar is quiet today and indeed there are no major data releases next week. Instead the market focus will be Tuesday when we will see the minutes from the RBA Board’s Dec meeting and also the federal government’s budget update. The Asian and European calendars are quiet today.

In the US, we have Nov retail sales. Headline is expected to rise 0.3% m/m while core (ex auto and gas) should be up a modest 0.4%. While lower oil prices have impacted nominal measures, the core sales results are still considered poor given confidence and employment in the US. Dec University of Michigan consumer sentiment is seen coming in at 92.0, back in line with long run averages after spending early 2015 above.

China releases Nov industrial production numbers on Saturday. This is expected to tick up to 5.7% y/y. PMIs have been mixed but the export decline has been less rapid, while household views of business conditions are up. We also see retail sales and fixed investment.”
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Source:: FX Street