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The day ahead and key events – Rabobank


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FXStreet (Guatemala) – Analysts at Rabobank noted the key events ahead for the remainder of the week.

Key Quotes:


“Today we see German retail sales and the January advance CPI for the Eurozone (consensus is-0.5% YoY, but +0.7% core): the latter will obviously get all the attention as deflation deepens.”


“The US has the first look at Q4 GDP, where the expectation is 3.0% QoQ annualized, down from 5.0% in Q3. This is obviously the number that is most likely to cause market volatility today, especially given that the divergent trends in consumer confidence and durable goods mean it could easily surprise to either the upside or the downside! (But also don’t forget to look for the key employment cost index for Q4…) Shortly afterwards we get the Chicago PMI, which is expected to ease slightly to 57.5 from 58.8.”


“As he said, “Happy Friday Folks!””