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Trading news
21 Apr 2015
The day ahead and key events - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained the key events coming up.
Key Quotes:
"Today starts with those RBA April minutes, where we get to see what everything that Glen Stevens just said was not acted on when he actually had the chance to do something about it. The underlying message is likely to be that in May he will get another bite at the onion apple."
"We then get the German ZEW survey, seen edging up from 55.1 to 56.5 for the current situation and from 54.8 to 55.3 for expectations. As I continually reiterate, this survey is the collective view of individuals like myself who think a workshop is something you attend to discuss new ways to use PowerPoint, rather than a noisy and dirty place that produces manufactured products; as such, its usefulness as a predictor of anything in the real economy is limited. Nonetheless, I’d hazard a guess that we will see a slight upside surprise this month given that the prevailing market consensus right now seems to be that Europe is on a cyclical uptick (due to much lower oil prices, a much weaker EUR, and arguably a slower pace of debt reduction, rather than anything more positive on the domestic front)."
Key Quotes:
"Today starts with those RBA April minutes, where we get to see what everything that Glen Stevens just said was not acted on when he actually had the chance to do something about it. The underlying message is likely to be that in May he will get another bite at the onion apple."
"We then get the German ZEW survey, seen edging up from 55.1 to 56.5 for the current situation and from 54.8 to 55.3 for expectations. As I continually reiterate, this survey is the collective view of individuals like myself who think a workshop is something you attend to discuss new ways to use PowerPoint, rather than a noisy and dirty place that produces manufactured products; as such, its usefulness as a predictor of anything in the real economy is limited. Nonetheless, I’d hazard a guess that we will see a slight upside surprise this month given that the prevailing market consensus right now seems to be that Europe is on a cyclical uptick (due to much lower oil prices, a much weaker EUR, and arguably a slower pace of debt reduction, rather than anything more positive on the domestic front)."