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US: Busy week with FOMC in focus – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Richard Kelly, Head of Global Strategy at TD Securities, suggests that the busy week for US will start off on a relatively quiet footing, with September new home sales expected to slip 1.3% to 545k.

    Key Quotes

    “Later in the week the market’s focus will fall on the FOMC meeting, where we do not expect the Fed to considerably change their current stance even as the language on economic data reflects slower growth momentum. Durable goods orders, Q3 GDP, ECI, and the ongoing debt ceiling showdown will also draw market attention later in the week.”
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