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US: Jam packed trading session – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at Danske Bank, we have several important releases in the US today ahead of Thanksgiving on Thursday and Black Friday.

    Key Quotes

    “Most important is the release of PCE inflation in November. Consensus anticipates that PCE core (the inflation measure FOMC targets) increased 0.1% m/m in October (1.3% y/y). The subdued core inflation is the number one worry for the FOMC as growth remains solid and the labour market continues to tighten.”

    “The slowdown in China and the strong USD weigh on the US manufacturing sector. This is likely to be reflected in the durable goods orders which, however, is quite volatile from month to month.”

    “Also due today in the US is the October report on personal income and spending, preliminary data for Markit PMI services in November, initial jobless claims and final University of Michigan consumer sentiment for November. New home sales in October could also attract attention as the September figure was very weak.”
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