FXStreet (Delhi) – Research Team at Danske Bank, list down the key economic releases for the upcoming US session.
Key Quotes
“Minutes from the FOMC meeting on 15-16 December when the Fed increased the federal funds rate for the first time since 2006 are released today at 20:00 CET. We do not expect the minutes to include any major news as we already got a lot of information from the meeting statement, the updated projections and Yellen’s press conference. That said, there have not been many Fed speeches since the meeting due to Christmas and New Year and thus we could get some information on individual views.
We expect US ISM non-manufacturing to have been 56 in December, suggesting further growth in the sectors outside manufacturing (mainly services).
The weekly US oil inventories will likely also attract attention today. So far there has not been a need for the usual December seasonal draw on oil inventory partly due to very warm winter weather in the US, which has further exacerbated the global oil glut.
The market will also keep an eye on further escalation in the tense relationship between Iran and Saudi Arabia.:
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