27 Jul 2015
Key events ahead - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation explained the key events ahead.
Key Quotes:
"The Asia calendar is second tier, with only China Jun industrial profits and Thai Jun trade but noted the sessions."
"German Jul IFO business climate is expected to dip slightly from 107.4 to 107.2. Consensus is for both sub-indices to slip slightly. US Jun total durable goods orders should recover from -1.8%m/m to 3.2% as transport orders bounce back from their Apr/May slump. Excluding transport, the median forecast is for a 0.5% rise from flat. The Jul Dallas Fed manufacturing index will give us another update on the impact of oil prices. Markets expect it to continue to bounce from May’s multi year lows.
Key Quotes:
"The Asia calendar is second tier, with only China Jun industrial profits and Thai Jun trade but noted the sessions."
"German Jul IFO business climate is expected to dip slightly from 107.4 to 107.2. Consensus is for both sub-indices to slip slightly. US Jun total durable goods orders should recover from -1.8%m/m to 3.2% as transport orders bounce back from their Apr/May slump. Excluding transport, the median forecast is for a 0.5% rise from flat. The Jul Dallas Fed manufacturing index will give us another update on the impact of oil prices. Markets expect it to continue to bounce from May’s multi year lows.