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6 May 2015
Key events coming up - Rabonbank
FXStreet (Guatemala) - Analysts at Rabobank offered the key events ahead.
Key Quotes:
"Today we have Aussie retail sales, which are expected 0.4% MoM and 0.8% ex-inflation for Q1, half the Q4 reading. Recall the RBA has just said more rate cuts are possible if needed to support consumer demand if needed."
"Then we have HSBC services PMIs for China and India, ahead of the same measure across the Eurozone and the UK. The ECB will also have the Damocles collateral decision to make, which is of huge potential significance, but where it is not expected to drop the sword on any Greek necks."
"In the US we have ADP employment, the equivalent of a ‘coming soon’ movie trailer for Friday’s payrolls main feature (the former is seen at 200K). We also get Q1 US productivity (consensus -1.9% QoQ annualized), and unit labour costs (consensus: 4.5% QoQ annualized)."
"Yellen and the IMF’s Lagarde then speak on a panel in Washington. Presumably they won’t publicly turn to comparisons of the differences in police investigative techniques during the scandals involving their respective offices, and will instead stick to the listed points of “finance, governance, and society”. Will there be any more clarity in that presentation than in the recent mélange of data/news? The Fed’s George and Lockhart then follow, the latter on monetary policy."
Key Quotes:
"Today we have Aussie retail sales, which are expected 0.4% MoM and 0.8% ex-inflation for Q1, half the Q4 reading. Recall the RBA has just said more rate cuts are possible if needed to support consumer demand if needed."
"Then we have HSBC services PMIs for China and India, ahead of the same measure across the Eurozone and the UK. The ECB will also have the Damocles collateral decision to make, which is of huge potential significance, but where it is not expected to drop the sword on any Greek necks."
"In the US we have ADP employment, the equivalent of a ‘coming soon’ movie trailer for Friday’s payrolls main feature (the former is seen at 200K). We also get Q1 US productivity (consensus -1.9% QoQ annualized), and unit labour costs (consensus: 4.5% QoQ annualized)."
"Yellen and the IMF’s Lagarde then speak on a panel in Washington. Presumably they won’t publicly turn to comparisons of the differences in police investigative techniques during the scandals involving their respective offices, and will instead stick to the listed points of “finance, governance, and society”. Will there be any more clarity in that presentation than in the recent mélange of data/news? The Fed’s George and Lockhart then follow, the latter on monetary policy."