US durable goods and consumer confidence data awaited – RBS

By FXStreet FXStreet (Delhi) – Brian Daingerfield, FX Trading Strategist at RBS, suggests that in the US, September durable goods orders are released along with the Conference Board consumer confidence index for October.

Key Quotes

“As usual, headline durable goods orders growth may be at the mercy of one of the most volatile categories – civilian aircraft orders. Our expectation for a drop in civilian aircraft orders may contribute to a second consecutive outright decline in durable goods orders. The consumer confidence index may rise modestly (RBSe 104).”

“In October, there were likely offsetting influences from the strong performance in the equity market and the softer-than-expected September employment report. Looking ahead, the US data calendar is loaded with key events this week, including the October FOMC decision, 3Q GDP growth, and the latest PCE deflator and Employment cost index.”
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Source:: FX Street