14 Jul 2015
Asia-Pac Week Ahead - TDS
FXStreet (Mumbai) - Ned Rumpeltin, European Head of Currency Strategy at TD Securities enlists key events line up in Asia in the week ahead.
Key Quotes:
“AUD Westpac Consumer Sentiment is the only release to watch for the rest of this week. Consumer sentiment is trading at year to date lows, while business conditions and sentiment are at year to date highs. Will Consumer sentiment play catchup?”
“NZD The marquee event for this week is Q2 CPI. We forecast a +0.7%/qtr increase, (was +0.8%/qtr prior food prices for June out yesterday) above the RBNZ’s +0.4%/qtr from the June MPS. Other data to watch - the fortnightly dairy auction and consumer confidence data.”
“CNY A heavy data week in China, with a series of hard data releases out to coincide with Q2 GDP. For GDP, TD forecasts +6.9%/yr,slightly above the +6.8%/yr market consensus. We forecast IP, Retail sales and fixed asset investment to be mildly softer tomorrow.”
Key Quotes:
“AUD Westpac Consumer Sentiment is the only release to watch for the rest of this week. Consumer sentiment is trading at year to date lows, while business conditions and sentiment are at year to date highs. Will Consumer sentiment play catchup?”
“NZD The marquee event for this week is Q2 CPI. We forecast a +0.7%/qtr increase, (was +0.8%/qtr prior food prices for June out yesterday) above the RBNZ’s +0.4%/qtr from the June MPS. Other data to watch - the fortnightly dairy auction and consumer confidence data.”
“CNY A heavy data week in China, with a series of hard data releases out to coincide with Q2 GDP. For GDP, TD forecasts +6.9%/yr,slightly above the +6.8%/yr market consensus. We forecast IP, Retail sales and fixed asset investment to be mildly softer tomorrow.”