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31 Mar 2015
Key events on Tuesday - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, break down the key events for Tuesday.
Key Quotes
"Australian Feb private sector credit (11:30am Syd/8:30am Sing/HK) is expected to grow at a more moderate rate after a 0.6% gain in Jan. The market median is 0.5%, while the Westpac forecast is 0.4%. Consumers and businesses have been responding to lower rates. We are anticipating a consolidation in business credit after a very strong 0.8% rise in Jan. There are no data releases in Asia likely to move markets."
"We have Eurozone Feb unemployment, as well as Mar German unemployment. While the labour market in Germany remains strong, Eurozone unemployment is expected remain at 11.2%, continuing to show marginal improvement but still at high levels. Eurozone Mar core CPI is forecast to hold steady at 0.7%."
"In the US, Jan S&P Case-Shiller house prices should continue to show a continuation of the loss of momentum in recent months. Mar Chicago PMI is likely to show a bounce back after a very weak Feb print. Mar Conference Board consumer confidence is expected to remain elevated, unchanged from Feb at 96.4. Three of the Fed hawks will be speaking separately. Richmond Fed president Lacker is a voter this year, and we also hear from Mester (Cleveland) and George (Kansas City)."
Key Quotes
"Australian Feb private sector credit (11:30am Syd/8:30am Sing/HK) is expected to grow at a more moderate rate after a 0.6% gain in Jan. The market median is 0.5%, while the Westpac forecast is 0.4%. Consumers and businesses have been responding to lower rates. We are anticipating a consolidation in business credit after a very strong 0.8% rise in Jan. There are no data releases in Asia likely to move markets."
"We have Eurozone Feb unemployment, as well as Mar German unemployment. While the labour market in Germany remains strong, Eurozone unemployment is expected remain at 11.2%, continuing to show marginal improvement but still at high levels. Eurozone Mar core CPI is forecast to hold steady at 0.7%."
"In the US, Jan S&P Case-Shiller house prices should continue to show a continuation of the loss of momentum in recent months. Mar Chicago PMI is likely to show a bounce back after a very weak Feb print. Mar Conference Board consumer confidence is expected to remain elevated, unchanged from Feb at 96.4. Three of the Fed hawks will be speaking separately. Richmond Fed president Lacker is a voter this year, and we also hear from Mester (Cleveland) and George (Kansas City)."