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29 Jan 2016
AUD/USD: key events coming up - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the key events for AUD/USD next week.
Key Quotes:
"RBA: D/consensus expects no change, but how will the board view global market volatility and the lower exchange rate? The Board will preview their updated GDP and CPI staff projections (out Friday), but is unlikely to prompt any alteration to Dec’s “chill out” easing bias."
"Manufacturing PMI (Jan)" TD and mkt expect slightly lower manufacturing PMIs compared with December due to global uncertainty as well as mixed signals about the government’s policies when it comes to supporting the currency and stock market. We think it might come in a little weaker than consensus, though."
Key Quotes:
"RBA: D/consensus expects no change, but how will the board view global market volatility and the lower exchange rate? The Board will preview their updated GDP and CPI staff projections (out Friday), but is unlikely to prompt any alteration to Dec’s “chill out” easing bias."
"Manufacturing PMI (Jan)" TD and mkt expect slightly lower manufacturing PMIs compared with December due to global uncertainty as well as mixed signals about the government’s policies when it comes to supporting the currency and stock market. We think it might come in a little weaker than consensus, though."