FXStreet (Delhi) – Arnaud Masset, Market Analyst at Swissquote, suggests that after a quiet week due to a relatively light economic calendar, we are ahead of a big week of economic data.
Key Quotes
“The market has had plenty of time to digest the decision by the Federal Reserve to keep the federal fund rate unchanged and took into account hawkish comments from various Fed members. Over the week, the greenback appreciated versus all G10 currencies, without exception.”
“We are starting the week with the Fed’s favourite measure of inflation, the personal consumption expenditure. We’ll also get personal income and spending as well as pending home sales and the Dallas manufacturing activity index. S&P/CaseShiller index and consumer confidence are due tomorrow while ADP employment change and the Chicago purchasing manager barometer will be released on Wednesday.”
“On Thursday, we’ll get jobless claims, Markit manufacturing PMI and ISM manufacturing index. Finally, September’s job report will be released on Friday and will capture all the market’s attention as traders try to assess the likely timing of a first rate hike after Federal Reserve officials made very clear they are still committed to raising rates this year.”
(Market News Provided by FXstreet)