Analysts at Westpac notes that the RBA releases its quarterly Statement on Monetary Policy at 11:30am Syd/8:30am Sing/HK.
"The statement on Tuesday indicated that they have raised their growth forecasts (3.5% for 2018 and 2019) and reduced their unemployment rate forecasts (4.75% by 2020). Inflation forecasts might be a touch higher. Further detail and explanation of these changes will be in the SoMP as well as the risks around the outlook.
Due at the same time is Australia Sep housing finance approvals. Industry data indicates 1%mth on loans to owner-occupiers but there will be interest again in the value of the struggling investor segment.
China releases Oct consumer and producer price data at 12:30pm Syd/9:30am local. Consensus is 2.5%yr on CPI, 3.3%yr on PPI, neither on the policy radar.
The UK data calendar is very notable. Preliminary Q3 GDP is seen picking up to 0.6%qtr, 1.5%yr, from just 0.4%, 1.2% in Q2. We will also see Sep data on industrial production and construction output.
The US data calendar is second-tier – preliminary November consumer sentiment from the University of Michigan, Oct PPI and revised Sep wholesale sales & inventories, which might prompt slight tweaks of GDP estimates."
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.