Analysts at Westpac offered an outlook for Australia's calendar this week.
"The NAB business conditions index for December is due Tuesday, along with private sector credit, also for December. December figures for building approvals and international trade are due Thursday. We look for building approvals to pare back following the 7.0%mom rise in November. On the other hand, we expect the trade balance to have pushed further into surplus in December on the back of further gains in commodity prices. That said, we also expect to see a pick up in imports.
Overall that leaves us looking for a surplus on the balance of goods and services of AUD1.7bn following the AUD1.2bn surplus recorded for November. RBA Deputy Governor Guy Debelle will make the first public RBA appearance of the year on Monday, although as he is only making opening remarks at an FX industry reception we don't expect his comments to be of significance for monetary policy."
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.