26 Jan 2016
US: Housing and consumer confidence data in the limelight - TDS
FXStreet (Delhi) – Research Team at TDS, suggests that the first up in the US session will be a house price update where both the FHFA and S&P Case-Shiller House Price Indices hit the wires at 9:00 ET.
Key Quotes
“The strength of the housing market has been fundamental to the US recovery, which in turn has underpinned the Fed's confidence in tightening monetary policy. Mkt for the S&P-CS 20-City Composite +0.8% m/m (TD +0.9%) For the FHFA HPI, mkt and TD see +0.5% and +0.6% respectively.
Conference Board Consumer Confidence for Jan at 10 ET is not expected to change from Dec 96.5, but TD looks for a pullback to 93.2. Richmond Fed Index for January (TD: -2; consensus: +2) and Markit Services PMI (TD: 53.8; consensus: 54.0) round out the lower-tier deluge.”
Key Quotes
“The strength of the housing market has been fundamental to the US recovery, which in turn has underpinned the Fed's confidence in tightening monetary policy. Mkt for the S&P-CS 20-City Composite +0.8% m/m (TD +0.9%) For the FHFA HPI, mkt and TD see +0.5% and +0.6% respectively.
Conference Board Consumer Confidence for Jan at 10 ET is not expected to change from Dec 96.5, but TD looks for a pullback to 93.2. Richmond Fed Index for January (TD: -2; consensus: +2) and Markit Services PMI (TD: 53.8; consensus: 54.0) round out the lower-tier deluge.”