Details for the day ahead

Analysts at TD Securities noted the key events coming up for the day ahead.

Key Quotes:

"AUD Similar to business confidence (easing from +7 to +4 in August) consumer confidence may pause or dip (prior 103.6) as the unexpected political rout removing PM Turnbull unfolded in August.

INR CPI will benefit from a high base in August 17 and as such we expect a small decline to have been registered in the pace of inflation in August 18. Our forecast of 4.13% y/y in August from 4.17% y/y in July would mark the lowest y/y CPI rate since October 17. Limiting the decline in inflation will be a renewed increase in oil and energy prices and renewed pressure on the INR. The softening in inflation will likely restrain the RBI from hiking rates again this year.

ZAR July retail sales growth is expected at 1.6% Y/Y up from the prior 0.7%. Growth has been weakening since the start of the year as a result of the VAT increase and other tax changes, weak employment growth, and subdued growth in credit extension to households.

SEK The Prospera inflation expectations report is released. 5-year inflation expectations are key here, and they've been unchanged for 2.5 years. 2-year expectations did rise to 2.1% last month, and any further increases could cause concern for the Riksbank.

USD The Fed's Brainard will deliver a speech on the economy and monetary policy at 12:45 ET which will be followed by an audience Q&A and press conference. The Fed will also release its Beige Book later in the afternoon at 14:00 ET to give a look at regional economic conditions ahead of the September FOMC. On the data front, August PPI will give an update on producer prices ahead of Thursday's CPI report. The market expects a 0.2% m/m increase in the headline index, which would see producer price inflation edge lower to 3.2% from 3.3% y/y.

CAD The market expects capacity utilization to increase to 86.9% in Q2 from 86.1%, which if realized would surpass pre-crisis levels and register as the highest rate since the late 1980s."

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.