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Key events ahead: US data most important - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Westpac Banking Corporation noted the key events for the day ahead.

    Key Quotes:

    "The Nov China consumer sentiment index from Westpac and MNI is due at 12:45pm Syd/9:45am local. Oct saw a steep drop to 109.7 on the headline reading. Details of the series correlate well with various official data such as industrial production. A revised estimate of Singapore’s Q3 GDP is due at 11amSyd/8am local time. Little change is expected from the advance reading of about flat q/q, 1.4% y/y.

    The US calendar crams in several more data releases before traders head for an early exit ahead of the Thanksgiving holiday. Oct personal income and spending data includes the Fed’s preferred inflation measure, the core PCE deflator. Oct durable goods orders are also due, as are weekly jobless claims, Oct new home sales and the final Nov U Michigan consumer sentiment survey."
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