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20 Apr 2015
Key events for the week ahead in the US - RBS
FXStreet (Barcelona) - FX trading strategists at RBS, share the key data release and events in the US for the week ahead, and further note that expectations from the Fed for a rebound in Q2 data in the US is high.
Key Quotes
“Early indicators of spring economic activity underwhelmed expectations, adding uncertainty to whether the recent moderation in data is likely to be more prolonged than expected. Comments from FOMC members (Fischer and Lockhart) also followed this pattern, suggesting that the Fed still anticipates that growth will rebound in the second quarter but the bar to achieve reasonable confidence in a rebound appears higher.”
“The data calendar next week is relatively quiet, with the latest durable goods orders report likely the key release. business investment has been soft and core capital goods orders have decline in six consecutive months and seven of the past eight, likely owing in part to a combination of the stronger USD, a decline in energy sector investment resulting from lower oil prices, the west coast port strike, and (more recently) the harsh winter weather.”
“Following the disappointing lack of a bounce in March housing starts, existing home sales and new home sales figures are released for March as well.”
“There are no scheduled central bank speakers next week”
Key Quotes
“Early indicators of spring economic activity underwhelmed expectations, adding uncertainty to whether the recent moderation in data is likely to be more prolonged than expected. Comments from FOMC members (Fischer and Lockhart) also followed this pattern, suggesting that the Fed still anticipates that growth will rebound in the second quarter but the bar to achieve reasonable confidence in a rebound appears higher.”
“The data calendar next week is relatively quiet, with the latest durable goods orders report likely the key release. business investment has been soft and core capital goods orders have decline in six consecutive months and seven of the past eight, likely owing in part to a combination of the stronger USD, a decline in energy sector investment resulting from lower oil prices, the west coast port strike, and (more recently) the harsh winter weather.”
“Following the disappointing lack of a bounce in March housing starts, existing home sales and new home sales figures are released for March as well.”
“There are no scheduled central bank speakers next week”