US: Market focus on ADP, Chicago PMI and Fed speakers – TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that in the US, domestic data and events will continue to compete with global risk market sentiment, with ADP and Chicago PMI attempting to muscle US data back into the limelight.

Key Quotes

“We look for ADP employment to show a 215k gain in September, above last month’s more modest 190k increase. The September Chicago PMI gauge should nevertheless decelerate to 52.1 from 54.4, reflecting the impact of a stronger USD and weaker global demand on manufacturing sector activity.”

“The Fed speaker schedule will reawaken, with Dudley (dove, voter), Yellen (dove, voter), Bullard (hawk, non-voter), and Brainard (dove, voter) all set to make remarks.”

Prashant Newnaha, Rates Strategist at TD Securities, suggests that in the US, domestic data and events will continue to compete with global risk market sentiment, with ADP and Chicago PMI attempting to muscle US data back into the limelight.

(Market News Provided by FXstreet)