11 Aug 2015
Key events for day ahead - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the key events for the day ahead.
Key Quotes:
"Australia Jul NAB business survey will be released at 11:30am Syd/9:30am Sing/HK. Business conditions and confidence both lifted in Jun, to 11 and 10. The survey suggests that lower interest rates and a lower dollar are having a positive impact, but some mild correction would be no great surprise.
The second estimate of Singapore Q2 GDP, out at 10am Syd/8am local, should see growth revised lower to 1.6%y/y from 1.7% on top of an already sharp contraction from Q1. Germany Aug ZEW survey of analysts’ expectations is seen to rise from 29.7 to 31.9 in Jul. The US Jul NFIB small business optimism will be watched by economists but should have little market impact."
Key Quotes:
"Australia Jul NAB business survey will be released at 11:30am Syd/9:30am Sing/HK. Business conditions and confidence both lifted in Jun, to 11 and 10. The survey suggests that lower interest rates and a lower dollar are having a positive impact, but some mild correction would be no great surprise.
The second estimate of Singapore Q2 GDP, out at 10am Syd/8am local, should see growth revised lower to 1.6%y/y from 1.7% on top of an already sharp contraction from Q1. Germany Aug ZEW survey of analysts’ expectations is seen to rise from 29.7 to 31.9 in Jul. The US Jul NFIB small business optimism will be watched by economists but should have little market impact."