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US: Existing home sales and Fed speeches in focus today – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Danske Bank, suggests that there are few key releases today in the US.

    Key Quotes

    “Existing home sales is expected to continue the positive development seen in 2015 but the market impact should be small. We will also keep an eye on the speeches from Fed's Lockhart and Lacker. Lacker is viewed as a hawk at the FOMC so interesting to hear his comments after the latest FOMC meeting.

    The two most important US data releases this week will be Markit manufacturing PMI and durable goods orders due tomorrow and Thursday respectively.

    ECB's Constancio speaks in London, otherwise there is little on the agenda in the euro zone today. Later this week the ZEW, IFO and PMI business surveys for March will attract attention after all three figures declined in January and February, with the financial uncertainty having a negative effect on economic sentiment.”
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