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We will have some consolidation before FOMC - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at TD Securities expects a quiet spell ahead of the Fed interest rate decision.

    Key Quotes:

    "The last week before the Fed’s widely-anticipated hike will prove itself to be a relatively quiet one, with just a few data releases and the start of the pre-FOMC black-out period.

    Retail sales will be the highlight, and the initial post-Black Friday reports from retailers suggest a fairly decent start to the busy holiday shopping season - especially for online sales.

    However, headline retail sales activity should print on the low side owing to weaker auto sales and falling gasoline prices. We expect total retail sales spending to eke out a relatively modest 0.1% m/m gain (consensus: 0.3%), marking the fourth consecutive month of subpar performance in this indicator.

    Core spending activity should also be quite strong, rising at a robust 0.4% m/m pace (consensus: 0.5%), underscoring the positive underlying tone in consumer spending activity as this sector continues to underpin the domestic economic recovery.

    Also out will be the preliminary December consumer sentiment, where consensus is looking for the headline Michigan Sentiment index to pick up slightly to 92.0."
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