FXStreet (Guatemala) – Analysts at Westpac Banking Corporation noted the key events taking place at the start of the week.
Key Quotes:
“Australia Sep dwelling approvals will be released at 11:30am Syd/8:30am Sing/HK. Westpac is expecting a decline of 1.0% m/m while consensus is at +1.0% m/m. High rise approvals have led to volatility in the measure, but a -1.0% print would solidify a downtrend at about a 10% annualised pace, a slowdown, but not particularly rapid by historical standards. Other releases include the Oct CoreLogic RP data home value index and TD-MI inflation gauge.
The Caixin Oct manufacturing PMI (12:45pm Syd/9:45am local) will be the only print now that the flash reading has been discontinued. Market median is 47.6 from 47.2 in Sep. The official numbers yesterday showed a contraction but remained stable at 49.8. We also see Oct CPI for Indonesia and Thailand.
The Oct US ISM manufacturing index is expected at 50.0. This would be the lowest reading since late 2012. We also have Sep construction spending which could produce revisions to Q3 GDP.”
(Market News Provided by FXstreet)