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US: Chicago PMI and home sales data in focus - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that the Chicago PMI is expected by the market to dip lower from 55.6 to 52.4 in February while TD looks for a more modest decline to 52.8.

    Key Quotes

    “February’s pending home sales should rally 0.5% m/m, in line with TD’s forecast for an improvement of 0.4% m/m, which would indicate a 3.4% gain on a year-ago basis.

    Lastly, the Dallas Fed Index should remain near post-recession lows in February, with the market calling for a reading of –34.6 while TD looks for –32.4."
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