Week ahead in the G10’s – Nomura

By FXStreet Analysts at Nomura noted the key events ahead for the week, with all times listed as GMT.

Key Quotes:

“US: Retail Sales (Wednesday 13:30), CPI (Thursday 13:30), Industrial production (Friday 14:15) 2. Europe: UK inflation (Tuesday 09:30), Industrial production (Wednesday 10:00) 3. China: CPI (Monday 02:30), 1Q GDP (Friday 03:00), Industrial production (Friday 03:00) 4. Central banks: BoC (Wednesday 15:00), BoE (Thursday 12:00).”

“For the U.S., next week will provide some key insights on consumer activity, inflation expectations, prices, and manufacturing. The key question going forward is whether the recent broad-based acceleration in core inflation in February is sustainable or not. Our economists continue to believe that the lagged effect of the stronger USD will offset to some extent the positive impact from the recent tightening in the labor market, and are looking for a 0.14% m-o-m (+2.3% y-o-y) gain in core CPI in March.

More recently, given the broad depreciation in the trade-weighted exchange value of the USD during the month and renewed increases in prices of imported consumer goods, our economists’ view recognizes some upside risks to the inflation outlook that are worth watching. These movements should place upward pressure on import prices in March (consensus forecasts a 1.1% m-o-m increase). …read more

Source:: FX Street