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Key events ahead to keep eyes on - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted today’s events so far in Asia and sight key events approaching.

Key Quotes:

“The RBA’s November minutes showed it is still no nearer to realizing that it does have to be more active if it wants to lower AUD, and salvage the non-housing economy: the only change was to note that the outlook for China was more concerning due to the wobbly property market”.

“...and today coincidentally has Chinese property prices, which are likely to show a further decline – and so more expectations of stimulus? (Remember, bad news is good news)”.

“The RBA’s Stevens speaks at a dinner – will his comments remain as bland as the rubber chicken?”.

“There are four ECB speakers, Lautenschlaeger, Nouy, Jazbec, and Knot, who may add more colour to yesterday’s message, which in turn might ‘conveniently’ help EUR lower”.

“In the UK we have CPI and PPI, with the former underlining that there are no inflation pressures (headline expectation is just 1.2% YoY), keeping the pressure off the flip-flopping BOE”.

“In Germany there is the ZEW survey, where current conditions are expected to weaken, but expectations to edge higher”.

“In the US we see PPI (no inflation pressures expected at all, in fact the opposite) and the NAHB housing survey (seen edging up from 54 to 55). Kocherlakota, usually a Fed dove, then speaks on monetary policy later in the session”.

EUR/JPY rage bound and consolidating at pivot

EUR/JPY is trading at 145.40, up 0.29% on the day, having posted a daily high at 145.53 and low at 144.98.
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