The week ahead: What to watch out for – RBC CM
|Analysts at RBC Capital Markets present a brief preview of the key risk events due on the cards next week.
Key Quotes:
“Fed Chair Yellen (Wed & Thu): Yellen’s upcoming speeches on the economic outlook will be closely watched.
US CPI (Wed): Headline CPI should get another boost from firming gasoline prices and we expect a 0.3% advance for December. Core appears poised to register a relatively ho-hum 0.2%. These sequential changes will take both y/y rates to 2.2%. This will be the first time headline CPI is north of 2% on this basis since mid-2014
BoC meeting and MPR (Wed): The BoC is widely expected to hold the overnight rate unchanged at 0.50% at its policy meeting on Wednesday.
UK inflation (Tue): Despite average petrol prices actually falling modestly in December versus the previous month, they are up around 10% y/y, which is one of the factors expected to contribute to another increase in CPI and RPI inflation for December.
UK labour market report (Wed): The arithmetic for the headline unemployment rate just about points to another outturn of 4.8% as a central case, but it is on the cusp of ticking up to 4.9% and it would be much less surprising to see that outcome than a move lower to 4.7%.
ECB Governing Council (Thu): The ECB Governing Council’s first meeting of 2017 should be a low-key affair.
AU labour force report (Thu): Labour market indicators continue to send mixed signals, although the sum of them still point to modest overall employment growth and a steady unemployment rate (RBC: 5k / 5.7%).
Canada CPI (Fri): Headline CPI is expected to be unchanged in December following a sharp decline (-0.4% m/m) in November.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.