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Key events on Tuesday - Westpac

FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, breaks down the key events for this Tuesday.

Key Quotes

"RBA Deputy Governor Lowe speaks at a Sydney business dinner, with the (as yet untitled) speech due for release at 8:05pm Syd/5:05pm Sing/HK. The RBNZ’s survey of inflation expectations is due at 1pm Syd/10am Sing/HK. Q2 was 2.23%; a fall seems likely given low actual CPI in Q3. Singapore releases the second (“final”) estimate of Q3 GDP, with expectations for a small upward revision, to 2.5% y/y from 2.4% (1.5% annualized)."

"In Europe, we will see the final reading on Germany’s Q3 GDP, expected unrevised at 0.1% q/q, 1.2% y/y. The US data calendar is crowded over the next two days in order to clear the decks for Thanksgiving on Thursday. Today we see the second estimate of Q3 GDP. The advance reading was 3.5% annualized. Given the disappointingly wide Sep trade deficit, consensus for a small revision to 3.3% seems optimistic. Also on the slate are Sep Case-Shiller house prices, Nov Richmond Fed index and – most market-sensitive – Nov consumer confidence from the Conference Board. The median forecast on the latter is 96.0 versus 94.5 in Oct."

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