US: Data loaded session in the offering – BBH

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Research Team at BBH, suggests that there are several economic reports on tap as far as US session is concerned.

    Key Quotes

    “The advanced look at October's merchandise trade balance (expected to worsen to -$61 bln from -$58.3 bln) probably is the most important as it will impact estimates for Q4 growth. However, it is the revision to Q3 GDP that might have the most market impact. It appears that the inventories and net exports were not as much of a drag. An upward revision is expected to 2.0% or a little above from 1.5%. It is important to remember that trend growth in the US has slowed from the 2.75%-3.25% prior to the crisis to around 2.0% now due to slower labor forces growth and productivity.”

    “S&P/CaseShiller provide an upward of their house price indices. The gradual increase in prices is expected to continue. The Conference Board’s measure of consumer confidence. It had fallen in October to 97.6 from the eight-month high in September and is expected to have rebounded back above 99.0 in November.”
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