1 Dec 2014
ECB meeting and payrolls to be the highlights this week – TDS
FXStreet (Barcelona) - The TD Securities Research Team note that the ECB meeting and payrolls will be the highlights this week, with the focus to be revolving around probable ECB actions to fight low inflation and an expected strong NFP print in the US.
Key Quotes
“The ECB meeting and payrolls will be the highlights this week. For the ECB, the focus of the opening statement will be on how much the staff projections are revised down for growth and inflation, while the Q&A will focus on what further actions the ECB will take to combat low inflation.”
“Speculation surrounding ECB sovereign bond purchases is rife after Draghi and Constâncio’s recent comments, although Lautenschläger’s comments over the week-end have helped to dampen expectations somewhat.”
“For US nonfarm payrolls we look for a strong print of 270k on Friday (consensus: 228k) with the majority of the surprise due to our expectation of stronger private payrolls growth.”
“Elsewhere we have the Autumn Statement in the UK on Wednesday (formerly the pre-Budget Report) where we will receive new fiscal forecasts from the OBR and updated issuance proposals from the DMO.”
Key Quotes
“The ECB meeting and payrolls will be the highlights this week. For the ECB, the focus of the opening statement will be on how much the staff projections are revised down for growth and inflation, while the Q&A will focus on what further actions the ECB will take to combat low inflation.”
“Speculation surrounding ECB sovereign bond purchases is rife after Draghi and Constâncio’s recent comments, although Lautenschläger’s comments over the week-end have helped to dampen expectations somewhat.”
“For US nonfarm payrolls we look for a strong print of 270k on Friday (consensus: 228k) with the majority of the surprise due to our expectation of stronger private payrolls growth.”
“Elsewhere we have the Autumn Statement in the UK on Wednesday (formerly the pre-Budget Report) where we will receive new fiscal forecasts from the OBR and updated issuance proposals from the DMO.”