Statistics Canada will release November Consumer Price Index (CPI) data on Tuesday, December 19 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming Canadian inflation data.
Blogs
Yen may weaken again – SocGen
CFTC data show Yen shorts cut back, but not eliminated. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes JPY outlook ahead of the Bank of Japan (BoJ) meeting.
United States NAHB Housing Market Index came in at 37, above expectations (36) in December
United States NAHB Housing Market Index came in at 37, above expectations (36) in December
BoJ Preview: Any hawkish surprise in communication to push USD/JPY close to the 140 support – ING
The Bank of Japan has started its two-day meeting. Economists at ING analyze Yen’s outlook ahead of the Monetary Policy Statement.
USD/JPY: Yen to remain under upward pressure going forward – MUFG
The Bank of Japan will be the last major central bank to provide a policy update this year when they announce their policy decision on Tuesday.
GBP/USD remains limited below 1.2700 ahead of UK CPI data
The Pound drifts lower to the mid-range of 1.2600. Wednesday´s UK inflation might give a fresh boost to GBP volatility.
US yields look poised to remain soft, adding to pressure on the USD in the weeks ahead – Scotiabank
The USD is trading mixed to start the week after closing out Friday soft.
ECB's Stournaras: Need to see inflation sustainably below 3% by mid-year before cutting rates
European Central Bank (ECB) Governing Council member Yannis Stournaras told Reuters on Monday that they need t see inflation staying sustainably below 3 by the middle of next year before cutting interest rates.
S&P 500’s uncertainty and Apple’s resistance level
The S&P 500 index lost 0.01% on Friday as it went sideways following the recent rally.
Fed's Goolsbee: Don't want to precommit what we are going to do at future meetings
In an interview with CNBC on Monday, Chicago Federal Reserve (Fed) President Austan Goolsbee said that they have seen significant improvement in inflation, per Reuters.