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The day ahead, starting with key Capax – Rabobank

FXStreet (Guatemala) - Analysts at Rabobank explains the upcoming data releases that are key throughout Asia, European markets and the US.

Key Quotes:

"Today we get a sample track from the Aussie Q2 GDP album downloaded in private capex (the first track, construction work done, bombed at -1.2% QoQ). Investment is seen -0.9% QoQ, and we know net exports were awful, so the critics are really sharpening their pencils. We also get the Aussie housing (un)affordability index, which was at “If your name’s not down, you’re not coming in” in Q1".

"We also get German CPI and unemployment. The latter, actually out first, is seen at -5K, while inflation is expected flat MoM and 0.8% YoY. In Europe we will also get M3 money data, where consensus is just 1.5%, and 1.3% 3MMA. There are also the Eurozone confidence surveys, and the ECB’s Liikanen is speaking. Obviously these crowd will be watched these with baited breath".

"In the US we have the second reading of Q2 GDP (seen little changed) and pending home sales (consensus: +0.5% MoM), but it appears the US is likely to dance to Europe’s tune today for once. (“...Neunundneunzig roten basispunktes...”)".

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