US: Empire manufacturing to offer first glimpse of manufacturing sector – TDS

By FXStreet Research Team at TDS, suggests that the empire manufacturing will give us our first glimpse into the US manufacturing sector for May.

Key Quotes

“TD expects the survey response to cool after last month’s 9.56 print and looks for a decline to 5.0, under the 6.5 market consensus.

Later in the morning we will see the NAHB Housing Market Index for May, which TD forecasts to increase from 58 to 60. The market is less optimistic and looks for slight improvement to 59.

CAD: Existing home sales for April are out at 900 ET and are likely to show a further increase in the number of units sold as regional real estate board data for April revealed record breaking sales in Toronto and Vancouver, Canada’s largest housing markets.”
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Source:: FX Street