15 Dec 2015
Key events taking place - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained the key events taking place.
Key Quotes:
"The next focus today is UK CPI and PPI, where the expectation is -0.1% m-o-m headline and just 0.1% y-o-y, although core CPI is seen edging up to 1.2% y-o-y, even as core output PPI y-o-y is seen staying at just 0.1% too. (And note the BoE’s Deputy Governor Shafik yesterday stated that it’s necessary to see sustained, faster wage growth before raising rates.)
After that we see the German ZEW survey, where the consensus is for a slight dip in current conditions to 54.2 and a rise in expectations from 10.4 to 15.0.
Finally, we get the last piece of the data jigsaw ahead of Big Wednesday, with US CPI, seen flat m-o-m and 0.2% core, with core y-o-y seen rising a tick to 2.0%. We will also see real average weekly earnings, which were at 2.4% y-o-y last month. Of course, there is no Fed-speak as the FOMC effectively goes into cloisters today and we won’t get any white smoke until tomorrow – although the chances are there may be a lot more fires burning in sections of the market today in anticipation."
Key Quotes:
"The next focus today is UK CPI and PPI, where the expectation is -0.1% m-o-m headline and just 0.1% y-o-y, although core CPI is seen edging up to 1.2% y-o-y, even as core output PPI y-o-y is seen staying at just 0.1% too. (And note the BoE’s Deputy Governor Shafik yesterday stated that it’s necessary to see sustained, faster wage growth before raising rates.)
After that we see the German ZEW survey, where the consensus is for a slight dip in current conditions to 54.2 and a rise in expectations from 10.4 to 15.0.
Finally, we get the last piece of the data jigsaw ahead of Big Wednesday, with US CPI, seen flat m-o-m and 0.2% core, with core y-o-y seen rising a tick to 2.0%. We will also see real average weekly earnings, which were at 2.4% y-o-y last month. Of course, there is no Fed-speak as the FOMC effectively goes into cloisters today and we won’t get any white smoke until tomorrow – although the chances are there may be a lot more fires burning in sections of the market today in anticipation."