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23 Feb 2016

Key events ahead - Westpac

Analysts at Westpac explained the key events ahead.

Key Quotes:

"The highlight of the Asia calendar is Singapore Jan CPI. Headline inflation is expected at –0.6% y/y again while core is seen to rise to 0.5% y/y. The Feb German IFO business survey should show climate down to 106.8.

While current assessment has slipped, the fall in expectations in Jan was much sharper and is set to continue. In the US, we have the Conference Board survey of consumer confidence. The index has been choppy though range bound at high levels over the past year. The median forecast for Feb is 97.2."
Feb 23, 2016

EUR/USD falling in sympathy of GBP/USD - Scotiabank

Analysts at Scotiabank noted that the EUR has been pulled broadly lower on wider spreads and better risk sentiment – but explained it is mainly in sympathy with the falling GBP.
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Feb 23, 2016

NZD/USD consolidates strong upside, more to come?

NZD/USD consolidated the upside when the kiwi reached as high as 0.6722 before supply took the cross down to 0.6694 where the pair found traction and has been testing the 0.67 handle out again in early Asia.
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