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The week ahead - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted the key events talking place for the week.

Key Quotes:

"Today we have the BoJ’s Kuroda speaking. Next we have German industrial production (consensus: 0.8%), and then more central bank speak. At some point we will get China’s FX reserves data too. These are important given CNY depreciation pressures, and saw a surprise rise last month. However, this release represents only a sample, not a full spectrum, of holdings, and does not include ‘off balance sheet’ intervention. Expectations are a drop to USD3.49 trillion.

Tomorrow we see Japan’s final Q3 GDP, where upward revisions are expected that may mean growth is merely disappointing rather than an outright technical recession, and trade data. We also have Aussie NAB business confidence, UK industrial production, and Q3 Eurozone GDP along with US NFIB small business confidence and China’s trade numbers.

Wednesday has Japanese machine orders, Aussie home loans, and Chinese CPI/PPI. Thursday has RBNZ and BoE rate decisions, and Friday US retail sales (or lack of, according to Black Friday data?) and PPI, along with Michigan December consumer confidence. Finally, for those who are keen/obligated, Saturday has China’s retail sales, industrial production, and fixed asset investment

In short, enough to keep the candles burning brightly all week. On which note, chag sameach to those celebrating an historical ‘too unlimited’ supply of oil, and a present day ‘too unlimited’ supply of latkes."

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