[Skip Header] Friend Requests Messages Notifications HomeProfile Account(more) [End of Header]

About this Author

Deni Setiawan
My 1 Blog
Deni Setiawan helps fight Osteoporosis .

Trade Forex Safe to Margin and Balance Money !

Reviews (1) | Contents (7) | Share
All Premium Blogs | Create Your Own

Weekly Economic Calendar Highlights Market Movers

by Deni Setiawan on December 04, 2010
Weekly Economic Calendar Highlights Themes Key Market Movers
Posted by Cliff Wachtel, Chief Analyst on 04/12/2010, at 20:46 PM

Last Monday and Tuesday fear over spiking PIIGS bond yields that drove markets lower
Except for some better than expected Chinese, UK, and US manufacturing PMIs and German retail data Wednesday, the rest of the week was dominated by optimism from leaked news of ECB PIIGS bond purchases. THAT was the event which sent markets rallying and erasing losses of the past month in only 3 days.
 
So what can we expect from this week’s far less potent calendar? How does it fit into the likely big market moving forces of the coming week?  
 
Big Themes
 
As we note in Weekly Market Drivers: ECB Bond Buying Was Key And Confidence In It Could Decide This Week , given the prior week’s driver’s and this coming week’s relatively quiet scheduled event risk, there is an excellent chance that the calendar could once again play a secondary role.
 
That does not mean it will remain irrelevant, however. So here’s what you need to know.
 
 
CENTRAL BANK RATE DECISIONS
 
From Australia and Canada on Tuesday, New Zealand, and England on Thursday, details below. None expected to yield major surprises or move markets.  BoE decision has some potential for surprise. As noted by John Kicklighter at www.dailyfx.com, it’s only a matter of time before austerity measures bring slower growth, so it’s possible the BoE could decide to get ahead of that slowdown with some early loosening, though the consensus view is that it will not announce any changes.
 
SPECIFICS TO NOTE ON THESE INCLUDE
 
Tuesday
 
Australia’s RBA: Downside data (Q3 GDP was +0.2 against expectations of +0.4%), possible fading Chinese commodity demand as a result of new tightening, and dormant Q3 inflation suggest that the RBA keeps the target rate unchanged at 4.75%. However, this is likely a mere pause in the RBA’s tightening cycle and we expect continued rate hikes early next year.
 
 
The Bank of Canada also announces rates Tuesday and is likely
Contents of this blog
Search Terms for this post
market
moves
economic
Calender
Earn by categorizing &
rating this post (How?)
Earn by advertising this post! (How?)
Weekly Economic Calendar Highlights Market Movers (edit)
 Edit
You must enter an Ad body.
135 characters left
 Remove
Newer PostOlder Post

0 Comments