The week ahead and key events – Nomura

By FXStreet Analysts at Nomura explained the week’s Headline Events (all times are GMT).

Key Quotes:

“1. US: Consumer Credit (Monday 20:00), Import prices (Friday 13:30) 2. Japan: Q4 2015 GDP (second estimate) (Monday 23:50) 3. China: CPI YoY (Thursday 01:30), Trade Balance, FX Reserves 4. Central banks: BoC (Wednesday 15:00), RBNZ (Wednesday 20:00), ECB (Thursday 12:45), Kuroda speech (Monday 03:40).

“Next week will be relatively light on U.S. data, with highlights on consumer credit, inventories, and import price data. On import prices, our economists assess that the recent increase in crude oil and depreciation in the broad trade-weighted exchange value of the USD during the month could put upward pressure on import prices in the medium term.

However, lagged effects of past appreciation of the USD and low prices will likely continue to feed through to overall import prices and, as a result, consensus forecasts a 0.8% m-o-m decline in import prices in February (The Economy Next Week, 4 March 2016).

In Japan, we expect the second preliminary estimates for real GDP growth in 2015 Q4 will be -1.2% q-o-q annualized (-0.3% q-o-q) versus -1.4% q-o-q annualized (-0.4% q-o-q) in the first set of estimates, where revisions in the second preliminary estimates will be …read more

Source:: FX Street