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13 Apr 2015
Key events ahead – Rabobank
FXStreet (Barcelona) - The Rabobank Team previews the key events and data releases ahead in the week for US, Eurozone, and UK.
Key Quotes
“It will be a fairly slow start to the week with only March budget statement scheduled, but the US calendar is saturated with crucial data this week.”
“On Tuesday, US retail sales probably improved to 1.0% MoM in March according to Bloomberg survey. In January and February retail sales fell 0.8% MoM and 0.6% MoM respectively mainly due to record cold and snow in some parts of the US.”
“We will also hear from Fed speakers including Kocherlakota (non-voter) on Tuesday, Bullard (non-voter) and Lacker (voter) on Wednesday.”
“On Tuesday the IMF will publish its outlook on the global economy with Chief Economist Olivier Blanchard holding a press conference. Last week Lagarde described global recovery as “moderate and uneven”.”
“In Eurozone, the ECB is set to keep the parameters of the monetary policy unchanged on Wednesday. As always, the main focus will be on the press conference and comments from President Draghi who could be questioned about the effectiveness of QE given the shortage of bonds.”
“In the UK, industrial production (10:30 CET) is expected to rebound by 0.3% month-on-month in February, after a 0.1% contraction in January, which to a large extent could be attributed to drop in the volatile computer, electronic and optical sector.”
Key Quotes
“It will be a fairly slow start to the week with only March budget statement scheduled, but the US calendar is saturated with crucial data this week.”
“On Tuesday, US retail sales probably improved to 1.0% MoM in March according to Bloomberg survey. In January and February retail sales fell 0.8% MoM and 0.6% MoM respectively mainly due to record cold and snow in some parts of the US.”
“We will also hear from Fed speakers including Kocherlakota (non-voter) on Tuesday, Bullard (non-voter) and Lacker (voter) on Wednesday.”
“On Tuesday the IMF will publish its outlook on the global economy with Chief Economist Olivier Blanchard holding a press conference. Last week Lagarde described global recovery as “moderate and uneven”.”
“In Eurozone, the ECB is set to keep the parameters of the monetary policy unchanged on Wednesday. As always, the main focus will be on the press conference and comments from President Draghi who could be questioned about the effectiveness of QE given the shortage of bonds.”
“In the UK, industrial production (10:30 CET) is expected to rebound by 0.3% month-on-month in February, after a 0.1% contraction in January, which to a large extent could be attributed to drop in the volatile computer, electronic and optical sector.”