25 Nov 2015
US: Day full of economic releases – Rabobank
FXStreet (Delhi) – Piotr Matys, EM FX Strategist at Rabobank, suggests that the last day of proper trading this week (the US will celebrate Thanksgiving on Thursday and many desks will not be fully occupied on Friday) is packed with economic indicators.
Key Quotes
“After slowing down to 0.1% m/m in September, consumer spending growth is expected to accelerate to 0.3% m/m in October boosted by personal income seen rising 0.4% m/m from 0.1% m/m. Durable goods orders are forecasted to post a strong gains of 1.7% reversing the 1.2% fall in September. Sales of new homes probably increased to 500k in from 468k.”
Key Quotes
“After slowing down to 0.1% m/m in September, consumer spending growth is expected to accelerate to 0.3% m/m in October boosted by personal income seen rising 0.4% m/m from 0.1% m/m. Durable goods orders are forecasted to post a strong gains of 1.7% reversing the 1.2% fall in September. Sales of new homes probably increased to 500k in from 468k.”