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US: Housing and consumer confidence data in the limelight - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at TDS, suggests that the first up in the US session will be a house price update where both the FHFA and S&P Case-Shiller House Price Indices hit the wires at 9:00 ET.

    Key Quotes

    “The strength of the housing market has been fundamental to the US recovery, which in turn has underpinned the Fed's confidence in tightening monetary policy. Mkt for the S&P-CS 20-City Composite +0.8% m/m (TD +0.9%) For the FHFA HPI, mkt and TD see +0.5% and +0.6% respectively.

    Conference Board Consumer Confidence for Jan at 10 ET is not expected to change from Dec 96.5, but TD looks for a pullback to 93.2. Richmond Fed Index for January (TD: -2; consensus: +2) and Markit Services PMI (TD: 53.8; consensus: 54.0) round out the lower-tier deluge.”
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