28 May 2013
Flash: Mixed forcasts for US data today – TD Securities
FXstreet.com (London) - Research teams at TD Securities noted that there are more May surveys today heading into next week’s payrolls.
The market expects a flat reading in the Richmond Fed and improvements in the Dallas Fed (from -15.6 to -10) and Conference Board Consumer Confidence (from 68.1 to 70.7). They see mixed results across the three but upside risks for the most important Consumer Confidence survey. They also expect housing prices to remain strong with a +1% m/m gain in March, surpassing 10% y/y for the first time since April 2006.
The market expects a flat reading in the Richmond Fed and improvements in the Dallas Fed (from -15.6 to -10) and Conference Board Consumer Confidence (from 68.1 to 70.7). They see mixed results across the three but upside risks for the most important Consumer Confidence survey. They also expect housing prices to remain strong with a +1% m/m gain in March, surpassing 10% y/y for the first time since April 2006.