26 May 2015
Key events ahead - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained that today's the main point of interest is undoubtedly US durable goods.
Key Quotes:
"The expectation is for a fall of 0.5% MoM after a 4.0% headline surge last month. More important will be the core details, which had been weak for months but which have subsequently seen huge upward revision between releases; expectations are for a 0.3% MoM rise in core orders shipped today. Apart from that in the US we also have S&P/CS house prices (consensus: 4.6% YoY); new home sales (seen up 5.0% MoM); and consumer confidence – will the latter stay at 95, as expected, or follow the Michigan series lower? Overall today will help inform the US ‘data vs. date’ debate, and Ms. Yellen and Mr. Fischer (who also speaks later today on the global economy) are about to show us how good their read of the US economy is."
"Tomorrow is data light, while Thursday has Japanese retail sales; Aussie Q1 Capex spending; the next look at Q1 UK GDP; Eurozone confidence surveys; and US initial claims.Friday has Japanese unemployment, CPI, and industrial production; Eurozone M3 money supply; Indian Q1 GDP; another look at US Q1 GDP, and the Chicago PMI and final Michigan consumer sentiment."
"So let’s settle in for a shortened week, and grapple with the big Yes/No decisions we all have to face."
Key Quotes:
"The expectation is for a fall of 0.5% MoM after a 4.0% headline surge last month. More important will be the core details, which had been weak for months but which have subsequently seen huge upward revision between releases; expectations are for a 0.3% MoM rise in core orders shipped today. Apart from that in the US we also have S&P/CS house prices (consensus: 4.6% YoY); new home sales (seen up 5.0% MoM); and consumer confidence – will the latter stay at 95, as expected, or follow the Michigan series lower? Overall today will help inform the US ‘data vs. date’ debate, and Ms. Yellen and Mr. Fischer (who also speaks later today on the global economy) are about to show us how good their read of the US economy is."
"Tomorrow is data light, while Thursday has Japanese retail sales; Aussie Q1 Capex spending; the next look at Q1 UK GDP; Eurozone confidence surveys; and US initial claims.Friday has Japanese unemployment, CPI, and industrial production; Eurozone M3 money supply; Indian Q1 GDP; another look at US Q1 GDP, and the Chicago PMI and final Michigan consumer sentiment."
"So let’s settle in for a shortened week, and grapple with the big Yes/No decisions we all have to face."