US: New home sales and Fed speak in focus – TDS

Analysts at TDS suggest that new home sales data and speeches from Fed Presidents Mester and Bullard will be the key events for today’s US session.

Key Quotes

“New home sales for May will provide the last data for the week. The market expects home sales to recover only partially from the 11.4% drop in April with a 3.7% m/m increase to an annualized 590k. We also have speeches from Fed Presidents Mester and Bullard, neither of whom are 2017 voters, and Governor Powell who will be speaking on central clearing and liquidity.”