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27 May 2014
US docket in the spotlight today – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Flemming Nielsen noted the relevance of the US calendar today.
Key Quotes
“In the data calendar the focus will mainly be on US data”.
“Durable goods orders for April should give us an idea of the strength of the rebound in business capital expenditure in Q2. A slight decline is expected, largely reflecting a payback on a solid gain in March”.
“We also expect the Conference Board consumer confidence to have increased a little ahead of consensus expectations on the back of higher stock prices and an improving labour market”.
Key Quotes
“In the data calendar the focus will mainly be on US data”.
“Durable goods orders for April should give us an idea of the strength of the rebound in business capital expenditure in Q2. A slight decline is expected, largely reflecting a payback on a solid gain in March”.
“We also expect the Conference Board consumer confidence to have increased a little ahead of consensus expectations on the back of higher stock prices and an improving labour market”.