26 May 2015
US durable goods orders eyed - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, breaks down the key events for Tuesday, highlighting the US Apr durable goods orders as well as May consumer confidence.
Key Quotes
"US Apr durable goods orders are expected to pull back to -0.5% after printing at 4.7%m/m in Mar. Ex transport, the consensus is for another 0.3% print. ISM factory orders and Boeing orders have been subdued, business equipment output were also down, suggesting a flat to negative headline"
"May consumer confidence (Conference Board) should remain stable after making multi year highs earlier in 2015. The market median is 95.0 from 95.2 in Apr. The Richmond and Dallas Feds will release their May factory indexes. Apr new home sales are forecast to rise 5.0% m/m after dropping 11.4% in Mar."
"We will also see the Mar S&P/Case-Shiller house price index. Fed vice chair Fischer speaks again in Israel."
Key Quotes
"US Apr durable goods orders are expected to pull back to -0.5% after printing at 4.7%m/m in Mar. Ex transport, the consensus is for another 0.3% print. ISM factory orders and Boeing orders have been subdued, business equipment output were also down, suggesting a flat to negative headline"
"May consumer confidence (Conference Board) should remain stable after making multi year highs earlier in 2015. The market median is 95.0 from 95.2 in Apr. The Richmond and Dallas Feds will release their May factory indexes. Apr new home sales are forecast to rise 5.0% m/m after dropping 11.4% in Mar."
"We will also see the Mar S&P/Case-Shiller house price index. Fed vice chair Fischer speaks again in Israel."