Market movers for the week ahead – Rabobank

Sandeep Kanihama FXStreet Contributor

Michael Every, Senior Asia-Pacific Strategist at Rabobank lists down the most important market moving events and economic releases for the week ahead, which are likely to have significant impact on investors’ appetite globally.

Key Quotes

“Today we already saw that even with the current upturn, the BOJ sees no sign of when they can exit QQE and its YCC policies. Perhaps never, the BIS seem to be saying…we also get to hear from the Fed’s Williams later in Sydney. Data-wise, it’s the German IFO survey, expected to be absolutely wűnderbar, and then US durable goods, which are expected to be far more run of the mill.”

“Over the course of the next three days we also have the ECB Forum running in Sintra, where lots of central bankers will pop up to try to tell the BIS that they are completely wrong. (As one would fully expect to be the case.)”

“Apart from that, tomorrow we get NZ trade data, Chinese Premier Li Keqiang speaks, so does Williams again, the BOE has its financial stability report, and then it’s US consumer confidence ahead of Harker, Yellen, and Kashkari – so lots of central bankers that day again.”

“Wednesday has Williams again (he has to cover the cost of a business-class flight to Oz, after all), Eurozone M3, and US wholesale inventories; Thursday sees German CPI and Us Q1 GDP, then Bullard speaking on monetary policy; and Friday has a flood of key Japanese data (CPI, unemployment, industrial production), ahead of German unemployment, Eurozone June CPI, and US personal income/spending and the Chicago PMI.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

EUR/USD holds losses near 1.1850 as US, China holidays keep trade muted

EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold remains below $5,050 despite Fed rate cut bets, uncertain geopolitical tensions

Gold edges lower after registering over 2% gains in the previous session, trading around $5,030 per troy ounce during the Asian hours on Monday. However, the non-interest-bearing Gold could further gain ground following softer January Consumer Price Index figures, which reinforced expectations that the Federal Reserve could cut rates later this year.

Week ahead: Data blitz, Fed Minutes and RBNZ decision in the spotlight

The US jobs report for January, which was delayed slightly, didn’t do the dovish Fed bets any favours, as expectations of a soft print did not materialize, confounding the raft of weak job indicators seen in the prior week.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.