Heads up on key data events – Nomura

By FXStreet FXStreet (Guatemala) – Analysts at Nomura highlighted the key events taking place as we head into the Christmas break.

Quotes:

“Next Week’s Headline Events (all times are GMT) 1. US: Q3 GDP third estimate (Tuesday 13:30), Existing home Sales MoM (Tuesday 15:00), Durable goods orders (Wednesday 13:30), Personal Income and Spending (Wednesday 13:30) 2. CA: Retail Sales MoM and GDP YoY (Wednesday 13:30) 3. UK: Q3 GDP third estimate (Wednesday 09:30), Current Account Balance (Wednesday 09:30) 4. JP: BOJ Minutes for Nov. 18-19 Meeting (Wednesday 23:50), BOJ Kuroda speech in Tokyo (Thursday 04:00), National and Tokyo CPI YoY (Thursday 23:30), Jobless Rate (Thursday 23:30).”

“In the U.S., we expect Q3 GDP to be revised down by 0.4pp in the second estimate to 1.7%, from 2.1% on the back of lower-than-assumed inventory investment and a largerthan-expected trade deficit.

The Pending home sales index, which usually leads existing home sales by a couple of months, has slowed recently, despite the fact that housing market data appear to have gathered momentum this year. We believe tight supply conditions should lead to increased construction of new homes, leading to home sales declining by -3.0% in November.

On Durable goods orders excluding transportation, we expect a slight rise …read more

Source:: FX Street