FXStreet (Delhi) – David Fritz, Research Analyst at Nomura, notes that after the FOMC remained on hold at its September meeting and released its new economic projections, markets will be keen to glean any additional details and with the blackout period for Fed speakers lifted, there will be a resurgence of communications.
Key Quotes
“The main event will likely be Yellen’s speech on Thursday. However, plenty of other Fed officials will make comments as well, including Lockhart on Monday, Tuesday and Wednesday, as well as Bullard and George on Friday.”
“In terms of data from the US, there will be a couple of releases to watch. The first will be existing home sales on Monday, which may show that the housing market is still expanding but at a slower pace than earlier in the year.”
“Durable goods data for August is released on Thursday, and currently our economists are slightly above expectations, although both Nomura and the market expect a decline in the numbers from the prior release. Anchoring the week is the University of Michigan sentiment index. Recent turmoil has weighed on consumer sentiment, which if continued could weigh on consumer activity.”
(Market News Provided by FXstreet)