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16 May 2014
What risk events lie for this Friday? - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, walks us through the most relevant events to keep an eye on during Friday's trading.
Key Quotes
"There is no data released today in Australia or New Zealand. Around Asia, the final results of the Indian elections are set to be released in Mumbai at midday (4:30pm Sydney/2:30pm Sing/HK). The pro-business BJP coalition is widely tipped to win, with the Sensex having rallied during the week in anticipation. In Japan, the final industrial production figures for March are set to be released at 2:30pm Sydney/12:30 pm Sing/HK. Singapore's Apr export data is also released at 10:30am Sydney/8:30am Sing/HK, with the market expecting a slight improvement to -3.3% YoY from last month's -6.6% YoY reported last month. We also see Q1 GDP figures for both Hong Kong and Malaysia."
"Fedspeak continues in the US, with St Louis Fed president Bullard (centrist) speaking on the economy and monetary policy. The Fed calendar is very busy in the week ahead too, more so than the data slate. Apr housing stats figures are also released, with the market seeing a pickup to 980k from 946k in Mar. Apr building permits are also expected to pickup to 1010k from 990k in Mar. Lastly, the University of Michigan consumer sentiment survey is also released, with the market estimate for 84.5, a slight pickup from last month's 84.1. Westpac expects a slightly softer 82.5."
Key Quotes
"There is no data released today in Australia or New Zealand. Around Asia, the final results of the Indian elections are set to be released in Mumbai at midday (4:30pm Sydney/2:30pm Sing/HK). The pro-business BJP coalition is widely tipped to win, with the Sensex having rallied during the week in anticipation. In Japan, the final industrial production figures for March are set to be released at 2:30pm Sydney/12:30 pm Sing/HK. Singapore's Apr export data is also released at 10:30am Sydney/8:30am Sing/HK, with the market expecting a slight improvement to -3.3% YoY from last month's -6.6% YoY reported last month. We also see Q1 GDP figures for both Hong Kong and Malaysia."
"Fedspeak continues in the US, with St Louis Fed president Bullard (centrist) speaking on the economy and monetary policy. The Fed calendar is very busy in the week ahead too, more so than the data slate. Apr housing stats figures are also released, with the market seeing a pickup to 980k from 946k in Mar. Apr building permits are also expected to pickup to 1010k from 990k in Mar. Lastly, the University of Michigan consumer sentiment survey is also released, with the market estimate for 84.5, a slight pickup from last month's 84.1. Westpac expects a slightly softer 82.5."