Durable Goods is a big one next week - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at TD Securities explained that the US October Durable Goods Orders (25 Nov) is a highlight next week.

    Key Quotes:

    "Durable goods orders are expected to rebound modestly in October, retracing some of the losses over the prior two months. TD expects headline sales to boast a relatively decent 2.1% m/m gain on account of strong Boeing aircraft orders (consensus: 1.5%).

    Nevertheless, excluding the volatile transportation component, TD expects orders to rise at a slightly more modest, though respectable, 0.8% m/m pace (consensus: 0.4%). Core capital goods orders activity, a key gauge of business capital investment activity, should also be higher, rising at a relatively robust 0.6% m/m pace.

    This will mark the first monthly gain in this indicator since July, and it will be an important signal of the stabilization in business capital investment activity following the summer slump.

    While markets might normally ignore a volatile indicator like US durable goods orders, we think that this month’s release will be important to confirm our view that positive momentum in business investment will be sustained in coming months, as the global headwinds abate and the strong domestic fundamentals reassert themselves."
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