forex_managed_account_1

CAD: Weak manufacturing sales number in the pipeline – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Ned Rumpeltin, European Head of Currency Strategy at TD Securities, suggests that the Canadian manufacturing sales for August will be the clear highlight.

    Key Quotes

    “We are looking for a fairly weak print at -2.8% m/m as softer commodity prices will weigh on sales from the extraction sector while we also expect to see auto production decline on a seasonally adjusted basis.”

    “Our forecast is relatively pessimistic, but the consensus forecast still implies a material decline at -1.0% m/m. We caution that price-effects will weigh on the headline figures, and that manufacturing volumes should not be quite as weak.”
    For more information, read our latest forex news.
     

Share This Page

free forex signals